Look, I'm a trader, not a long term investor. But I carry some long term too. CSL is the only share where I feel comfortable having in both portfolios...
Just my 2 cents;
I believe all agree we are leaving very uncertain times. Its different run "some" risk than run "all" risks. Most of the shares now are close to "all-risk" than some. CSK is probably one of the rare ones where u can count on future income, future growth, and more than that, a safe market under recession too.
The day of the report we went to 320 and a quick market retraced to the current 280. If we go Monday to 275? who knows, but if u ask to 100% of analysts.. Do u believe CSL has conditions to perform independent of the market and come back to 320?
Probably 10 of 10 will answer YES.
40 dollars over 280 is around 15% + dividends..
Tell me..
How many shares can u have something EVEN CLOSE TO THAT?
But if that is not enough, let me compliment.
CSL has a history to OVERPERFORM the market for one single reason... year after year they also overperform their own targets..
Meaning...,. see 340 or 350 is absolutely reasonable and not a dream...
Always when the market act irrationally is the opportunity(rare) to find some entry points. Here we are.. The bargain of 2020////
Please if u disagree send me a message in September 2021.
CATO Note: apologies for my poor English
CSL Price at posting:
$279.05 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)