BAP 0.99% $5.00 bapcor limited

ah brokers, don't they make you laugh? price goes up, forecast...

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  1. 685 Posts.
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    ah brokers, don't they make you laugh? price goes up, forecast goes up. price goes down, forecast goes down. Bapcor provided guidance of 9-14% eps prior to this. With the dividend I figured they should be on a p/e of 15-18 - little bit of a premium for defensive nature of stock which means BAP's recent sp decline was probably justified and they are about fair value now. good buying around under 6
 
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