Most brokers still have a buy on CSL up to the 310-330 range. If 112 has crashed and burned at the last hurdle, you would think these institutions would have a level of insight on that matter. Perhaps not, they may be in wait and see mode like the rest of us. R@D is a high risk, high reward venture, not sure what the success rate is from inception to approval but I recon it would be in single digits. Either way, I bought the stock in 1998 and it has been an A grade compounding stock in the last 26 years. If they release the results of stage 3 as part of the first half results then perhaps the stage 3 results are not good enough to warrant a stand alone announcement. They are holding out well in a down market today, perhaps that means the results are positive. We will all know soon enough.
CSL Price at posting:
$300.47 Sentiment: Hold Disclosure: Held
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