banks - so explain this.., page-3

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    Alpha

    PE on the four majors

    WBC 11.26
    CBA 15.14
    NAB 14.22
    ANZ 11.20

    PE on SGB 23.2

    The major 4 have lost around 25% of their 12 month highs SGB is only down about 10%

    SGB is way over priced partly due to a take over premium compared to the 4 majors.
 
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