"there is only one thing you should consider in any business and that is future profitability. There is no reason to disbelieve the ongoing double digit % annual profit growth guidance"
Well there's also the issue of what you're paying for that future profitability. At $275 CSL is still trading on a P/E of 31. Still expensive in many peoples eyes. It needs double digit growth to stop it falling further.
CSL Price at posting:
$275.06 Sentiment: Hold Disclosure: Held
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