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8,350 Posts.
2972
23/10/19
18:10
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They are paid for a long game. CBA picked up so many distressed assets during the GFC its not funny. They went as low as $29
They need to conserve cash to allow them to pick up those assets over the next 12 - 18 months. A40 will hopefully be the first.
AJM could be next then even PLS. Debt is a killer in a recession and we are not in one yet, but we all know one is coming.
Be patient. If you bought for a quick buy and sell tough shit i say.
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