Why the focus on yield?
MBL has never been a yield stock.
P/E is more the key?
I agree on the comments re the parabolic take-off on market hype and the shake out back to reasonable levels
However if you look at their continual record of increased earnings there is a genuine reason why the stock deserves a P/E above the other bank stocks.
Personally I believe the P/E should be about 15 to 18 to reflect the growth premium, with the other banks float around 12.
MBL in my view is also a market barometer for the overall market as so much of its income is driven by deals. Sentiment is heading down and so is MBL.
acturtle
MBL
macquarie bank limited
Why the focus on yield?MBL has never been a yield stock.P/E is...
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