Back in the day most banks and etc realised that investing in their core business is a better use of their capital than owning property. It was either the 80s or 90s that I read this. It does make sense. So they sold their branches and now lease. In other words, the opportunity cost of owning a branch is the money that they could make with that capital elsewhere.
Something like that.
There are a number of bargains to be had on the market. The opportunity cost of buying a struggling non-dividend paying stock is not buying ANZ with a PE of about 11 and dividends every 6 months.
IMHO DYOR
Back in the day most banks and etc realised that investing in...
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Last
$29.97 |
Change
0.190(0.64%) |
Mkt cap ! $90.18B | |||
| Open | High | Low | Value | Volume |
| $29.86 | $30.10 | $29.82 | $136.8M | 4.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2654 | $29.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.99 | 87920 | 5 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |