Considering how difficult conditions have been since March 2020 - not just for CSL, but many other companies, I still believe that the future looks pretty good for CSL. Some sectors may have peaked, but the sectors that have lagged will have their day in the sun. Especially healthcare.
Some will say "too expensive"..."the growth doesn't deserve such a multiple"..."been going sideways for years"..."you can earn 5% - risk free".
That's all good and well. But if you're stock picking and you're looking at an ASX20 company, for someone wanting to hold for decades, CSL is a pretty good choice. At least they provide upfront guidance backed by numbers and even at these levels, you're still getting a great company at a fair price.
But they're just my thoughts. Everyone has a different perspective.
Have a great day.
CSL Price at posting:
$270.65 Sentiment: Buy Disclosure: Held
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