re: what a dividend and growth stock Well, I have taken them up as a "defensive" stock (after the drop) in the hope that the bad financial sector sentiment has driven the price down to over-sold, and that the extent of damage is sentiment only.
Provided we can trust the Coy and the due diligence they did I can't see how any real damage can occur. Certainly none of the problems assocated with the banks apply to them. Basically they are just lending out depositor's funds.
There is no debt exposure as such, but rising interest rates may affect their business and earnings shorter term.
We will see if any loan defaults emerge but the Aussie situation is a lot different to the US.
Since the Coy it quite small there must be some takeover potential too. Maybe later when the market picks up.
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