WBC 0.98% $27.90 westpac banking corporation

be strong.. stay green, page-6

  1. 433 Posts.
    Am I missing something here?

    What are your problems against the merger? This is a great merger, this is creating the biggest bank by value and second-biggest by assets in the country?

    You're adding a hell of a lot of mortgage payers, you're adding a great wealth management brand in Asgard and Securitor and a great brand that is St George Bank.

    Look at how much Westpac is paying.. like $26 something for St George. Who cares if they raise the bid to say $30 something (assuming Westpac's price remains $30).

    St George's price used to be $38.50 last year.

    You don't buy businesses when they're expensive and their value is shining. You buy good businesses at depressed prices, common/logical sense and this is one of those opportunities.

    I'm buying more Westpac because of this great merger.
 
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