Geez - down another 8 bucks in early trade - this really is an advertisement for a well diversified portfolio.
If you believed all the brokers and their BS targets you’d have gone seriously overweight on CSL in the past 6 months. It ticks all the ESG boxes so there’s been a lot of that money chasing it too.
I have it as a cornerstone stock (10% of my portfolio) - but I’ve had to be very patient with it as its sp has gone nowhere for 3 years and the dividend is barely worth banking.
You have to concede now that the share price ran way ahead of itself in the year or two prior to the pandemic. A PE in the 40’s needs ongoing promises of growth - revising forecasts downwards just doesn’t fit the narrative - the market has reacted accordingly.
CSL Price at posting:
$279.02 Sentiment: Hold Disclosure: Held
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