ALL 1.49% $50.96 aristocrat leisure limited

Ann: Update - Notification of buy-back - ALL, page-4

  1. 114 Posts.
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    I have a strong appreciation for this business and am very keen to add here; the question is when? Seeing what is happening in the US, where the markets are on the brink of a full blown bear market, valuations start to go out the window. Why? Fear and continuity. Fear of losing gains/taking further losses on deck, and/or selling to have more cash on hand to supplement the cost of groceries/mortgage repayments. ALL has a PE ratio of approximately 20, which is not great but not bad either. In a market like this, it wouldn't be unreasonable to rule out a move down to below 15. My two cents.

    I would like to see $23-25, which would line up with the 100 month moving average, but who knows. https://hotcopper.com.au/data/attachments/4437/4437423-73c9773b26206c424b56cd69a31a990a.jpg
 
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