Think of QBE as a call option on the US$. You can also consider it a put on the Aussie $.
In the meantime a nice 9%+ dividend will also protect the downside on this well-run company.
Look at a long term US$ chart and you will see that it bounces considerably every year or so. IMHO we are close to a bounce now. When sanity returns to the markets QBE will be a valuable core holding bought at fire-sale prices.
I bought [again] today after being stopped out twice before on the way down. Third time lucky?
Think of QBE as a call option on the US$. You can also consider...
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Last
$17.37 |
Change
-0.540(3.02%) |
Mkt cap ! $26.15B | |||
| Open | High | Low | Value | Volume |
| $17.52 | $17.55 | $17.32 | $15.15M | 868.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2838 | $17.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.38 | 4601 | 24 |
View Market Depth
| Last trade - 11.34am 02/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |