For those with charts take a look at the 10 yr chart for PPT. It has not been often that an opportunity has arisen to purchase PPT at a 25% discount to what had previously been a record high share price. A chance is there now. Combined with projected yield over 6% fully franked, and a business that should continue to grow over the LONG term, this is starting to look like bargain levels. I bought a few more today.
Note: I'm generally a long-term investor rather than a trader. As such, have no idea where the SP will be in a week or month. But I would fully expect it to be reasonably above current levels in a couple of years.
MJS
PPT Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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