re: Ann: Credit Corp Group Interim Financial ...
Credit Corp result shoot the lights out, again. The thing which makes it hardest for me not to buy more of them remains the psychological barrier of the fact that I originally paid only 66c for my first parcel, almost 3 years ago. I try & I try, but I can barely see any downside. They have learnt the merits of carefully using debt, and I can't remember them ever failing to meet guidance since I've owned them, which is indicative of a prudence I admire. I am not one for putting forecasts out there due to the vagaries of the market, but in my view, $4.82 is still far too cheap for CCP. Something in the range of $5.30 - $6.50 would seem a lot more reasonable, given their consistently strong performance. Bought with a long-term view, I expect CCP will substantially outperform the market for years to come - Regards, Eternalgrowth.
Blog: www.eternalgrowthpartners.com
CCP Price at posting:
$4.85 Sentiment: LT Buy Disclosure: Held
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