whilst I agree on the excellent quality of the business, I don't agree that it's one that is bulletproof or can be run by an idiot ( I used to think that of Woolworths, until Masters, Aldi, Costco etc ) there is a fair bit of execution risk in their overseas ventures , as well as the risk of a decent competitor popping up to undercut their margins. plus a rising interest rate environment will probably lower the PE ratios of high PE ratio stocks as well as reduce investor demand for investment properties. Even at today's reduced share price. it's still trading at a PE ratio over 40 which is above it's average PE ratio over the past 9 years. there are definitely headwinds facing the share price, but a great stock to pick up at a good price. Below $120 would bring it back to a mid 30's PE ratio it's a falling knife at the moment
REA Price at posting:
$134.79 Sentiment: Hold Disclosure: Held
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