ANZ (etrade) will lend me 150k approx, if I want to pick up some more CER stock. This will cost me 8.75% fixed for 12 months. Therefore, I will spend approx $14k in interest, and pick up around 750k shares. These will have to pick up 10% in price in 12 months to break even, which is only 2 cents per share. My thoughts are this has to be a safe bet in present conditions, and I am interested in hearing anyone elses views. I will not regard this as financial advice, I just want your gut feelings. Would you ?
CER Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
