Well, there seems to be no better value out there in the market than CSL.
PER of 16, fantastic growth story, very good at currency hedging, and the best management in the game. I mean, it doesnt get much smarter than a bunch of doctors.
The way I see it, at $31, there is very very little downside risk. Infact, the whole market (asx 200 at least), will correct somewhat, i think 10% or so down.....but this stock will certainly not.
The trick with the market, is to do as others are not.....so buy when things seem out of fashion, and buy quality. CSL and QBE, the tow most undervalued stocks due for growth. SHL also undervalued....
CSL Price at posting:
$31.80 Sentiment: LT Buy Disclosure: Held
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