lol Voltaire sorry for the shock.
rationale is (pretty basic really):
- margins are widening.
- writeoffs peaking out.
- competition wiped out.
- e.g. businesses being screwed - they're paying 4% above, check out the poor old property trusts.
btw I worked as a consultant for a short time in CBA office in Sydney '93. I was advised by a senior person not to buy CBA shares under any circumstances and he certainly will not. lol. very costly advice.
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