No one knew the market would generate such an extreme tolerance for low returns. Its unprecedented how high the multiples are at the top end of the ASX. Baring the mining & oil sector, there are few discounts at the top end of the ASX 200.
Is CBA no longer a stock about the dividend? Because if dividend yield doesn't matter...........when what changed?
CBA Price at posting:
$161.13 Sentiment: Sell Disclosure: Not Held
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