anz 30 dollars after opes settlement by aug, page-23

I tend to agree with the last post that $15 is the likely short term target. While I think ANZ is the bank to back in the long term, there is a lot more pain coming down the chute first mostly resulting from difficulties in the USA. Any failures there will directly affect our Banks through losses in investments and knock on effects. While the banks in Australia look cheap, that view is based on the recent past share price. ANZ at $15 is perhaps a short term view and ANZ at $10 a mid term view if things get really nasty. However ANZ at $30 once the system rights itself in not unrealistic in a few years. It has great exposure to some of the emerging tigers in Indochina and China. My favorite bank stock - although I would never bank there.