Guru,
I rode the stock from 14 all the way to 30. But market sentiment has changed quite a lot. With inflation being priced in in the wholesale markets, cost of debt has increased.
I totally agree with your assessment that CBA has got the lowest cost of funding, but it is better used for Retail Lending than an acquisition of BNB.
I think this stock will touch the 7's or even below before it gets any sort of traction.
Cheers
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