That reasoning does have merit. Of course many industries have crashed due to Covid, building and some retail has bounced. I know that Bunnings stores have been doing record numbers since Covid, their usual standard for high sales is Xmas and they've been doing Xmas numbers regularly since March.
CSR could be a good long term trade, page-16
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 (20min delay)
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Last
$8.89 |
Change
0.000(0.00%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $8.88 | $8.89 | $8.87 | $6.116M | 688.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 83028 | $8.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.89 | 197459 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$8.87 |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $8.88 | $8.89 | $8.87 | 170350 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CSR (ASX) Chart |