The 'great performance' was mostly due to almost free money being used to make expensive acquisitions. It is straight from Growth Stock Investing 101. The process is not sustainable and backfires spectacularly when high interest rates and high debt levels eventually catch up. That's why the CSL share price is falling ~15% pa in real terms.
No sane person would buy a company with a p/e of 37 when they can get 5% risk-free from bonds or term deposits.
The 'great performance' was mostly due to almost free money...
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Last
$273.30 |
Change
-5.150(1.85%) |
Mkt cap ! $132.0B | |||
| Open | High | Low | Value | Volume |
| $275.10 | $275.24 | $272.37 | $199.1M | 726.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 200 | $273.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $273.34 | 12 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$273.21 |
Change
-5.150 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| $275.24 | $275.24 | $272.38 | 30785 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CSL (ASX) Chart |