CBA is a bank not a farm & produces nothing other than the differential between borrowed & loaned money.
If a farm has several years of failed crops, often as a result of either floods or droughts, the land becomes almost worthless & will finish being owned by the bank.
CBA is not like Google, Microsoft or similarly successful U.S. companies & they would require an Australian population of 300 million to have a share price of $300 & that aint gunna happen.
CBA's future share price will be limited by Australia's ability to increase its population & will only increase slowly when they put up the house full sign.
Regarding interest rates, how stupid is this, the CPI was reported yesterday to have come down to 2.8%, within the governments preferred range which could signal a drop in interest rates. Grocery & other commodity prices were higher, but electricity prices were lower. Hello, the reason electricity prices were lower is because of government handouts to households. This means that the government has falsified a reduction in the CPI as an excuse to lower interest rates with an election due about next May.
CBA Price at posting:
$142.93 Sentiment: Sell Disclosure: Held
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