I couldn’t agree more. Their earnings growth has been anaemic during the past few years. The SP and lofty PE is a product of fundies parking ever increasing superfund contributions into this behemoth because it’s a relatively safe investment grade bet and they won’t look dumb relative to their peers and lose their jobs if it were to go pear shape. Some fundies, one in particular, are in love with the stock. Price is what you pay and value is what you get and the price of this thing should follow value in the fullness of time. All imho so please DYOR.
CSL Price at posting:
$277.38 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)