just because a share hasn't been 'cheap' for a long time doesn't mean it is a buy.
And then there are variations of 'cheapness'.
I dont think CSL has been a value hunters 'cheap, ever since it listed.!!!
For many years CSL traded at a PE around 20, in more recent times that PE expanded into the nearly40's.
Hence my comment on 'cheapness'.
Others have commentated that as a company grows larger, its harder to keep generating the same rate of EPS % growth.
This makes sense.
But the converse of this is that the PE can re-rate lower over time.
We shall see, but for me this is still a sit on the sidelines and watch.
I have generated fanstaic returns on other positions, whilst CSL has been dead money for the last 3 years. That's an abosolute fact.
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Last
$299.55 |
Change
-1.960(0.65%) |
Mkt cap ! $145.5B |
Open | High | Low | Value | Volume |
$303.22 | $303.24 | $298.45 | $86.71M | 288.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2985 | $329.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$269.60 | 7 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 31 | 299.640 |
4 | 24 | 299.630 |
2 | 7 | 299.610 |
4 | 23 | 299.600 |
1 | 25 | 299.590 |
Price($) | Vol. | No. |
---|---|---|
299.780 | 9 | 3 |
299.790 | 3 | 1 |
299.800 | 26 | 1 |
299.810 | 8 | 1 |
299.820 | 4 | 1 |
Last trade - 15.59pm 11/09/2024 (20 minute delay) ? |
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CSL (ASX) Chart |