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clock Created with Sketch. 17/05/24
10:49
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Originally posted by Burgerbuns:
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I see your point(s) and an investment in Aristocrat isn't an investment for everyone. I recently heard the following conversation;State Government of Western Australia ! That's right, the Government owns a gambling business. safe banks in the ASX. People have short memories. Banks charging fees to people who have been deceased for years. Telstra screwing old widows after their partner passes away and charging a reconnection fee because the account was in the name of the husband who passed away (this happened to my mother). Mining companies who rape and pillage the earth that they don't even own and destroying communities in which they operate . I've used those last few words deliberately and after having been employed by Australia's largest company for 6 years whilst facilitating their induction program, this was the type of hyperbole that I used to spit out on a daily basis. What about fossil fuel companies? How would you rate SOL's ESG policy? You should read it, it's highly amusing. Listed investment companies like AFIC won't touch Aristocrat because of ESG, but recently upped their stakes in Woodside and Santos. Go figure.always been worth more. When you look at it's valuation right now, it's still cheaper than companies that have a big fat ZERO in their NPAT column and cheaper by a huge margin for the growth companies delivering 15% annualised returns trading at PE's that vary between 50 and 100.
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The issue of banks, Telstra or Woolworths misbehaving and being punished by regulators is a totally different issue.
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