What rubbish. COH has the P/E it has because return on equity has been above 50% since it listed. Not to mention no debt. Check out CSL's return on equity.
COH trades at these high P/E levels and will continued to do so while earnings are strong and investors seek the relatively few stocks that are still showing strong growth in a falling market.
There is no reason to suggest that it will fall to CSL prices.
no vaccine for deafness, page-8
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 (20min delay)
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Last
$325.18 |
Change
4.870(1.52%) |
Mkt cap ! $21.34B | |||
| Open | High | Low | Value | Volume |
| $322.01 | $326.35 | $320.71 | $10.76M | 33.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5 | $325.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $325.18 | 8 | 4 |
View Market Depth
| Last trade - 13.36pm 05/06/2024 (20 minute delay) ? |
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Last
$325.40 |
Change
4.870 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $320.95 | $326.35 | $320.95 | 4239 | ||
| Last updated 13.54pm 05/06/2024 ? | |||||
| COH (ASX) Chart |