If that’s case what are the Banks that are on Pe’s of 13?
IMHO it’s expensive and can’t afford to make one wrong move or else it’ll get absolutely smashed. However, I like this company and at some stage will buy in but waiting for a reversal first as there’s no telling when this selling will stop.
The other concern is whether “insiders” in the know are causing the sell-off before a negative Ann comes out which if this is the case, again it will be smashed even further.
BAL Price at posting:
$12.49 Sentiment: Hold Disclosure: Not Held