No idea about cba, but low interest rate and free cash hand out does not give me a lot to dream about the future of banking sectors in general.
for blackmores, it is of a low base and potential growth will be much faster than any banks. Hence, higher pe is warrant in growth phrase. At this moment, it is a speculative buy in my opinion.
I went to check 3 shopping centres in Brisbane. blackmores is selling well at the moment(partly due to marked down price). The speculative part is china, i do hope the pet supplement and office lady strategy work and kick start new growth phase next year.
BKL Price at posting:
$71.58 Sentiment: Buy Disclosure: Held
