I have written about CCP so often that my views on the business are probably predictable - the company is well managed and it should thrive for many years. Interest rates and suchlike macro issues should not impact CCP as a business in any significant way. If CCP held a lot of debt, then paying significant interest would be a problem, but CCP holds very little debt.
What the SP is going to do is another matter. Traditionally, it has been long held that returns on shares compete with interest, so when Interest rises, share prices tend to fall. A variation to that theme is ability to service debt, and for millions of people, that is pay the monthly house mortgage. Selling a $100,000 shareholding to reduce a mortgage would make sense for many people who have mortgages. It is always much harder to know why people sell shares than it is to know why they bought shares.
CCP Price at posting:
$20.48 Sentiment: Hold Disclosure: Held
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