just because a share hasn't been 'cheap' for a long time doesn't mean it is a buy.
And then there are variations of 'cheapness'.
I dont think CSL has been a value hunters 'cheap, ever since it listed.!!!
For many years CSL traded at a PE around 20, in more recent times that PE expanded into the nearly40's.
Hence my comment on 'cheapness'.
Others have commentated that as a company grows larger, its harder to keep generating the same rate of EPS % growth.
This makes sense.
But the converse of this is that the PE can re-rate lower over time.
We shall see, but for me this is still a sit on the sidelines and watch.
I have generated fanstaic returns on other positions, whilst CSL has been dead money for the last 3 years. That's an abosolute fact.
just because a share hasn't been 'cheap' for a long time doesn't...
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Last
$277.01 |
Change
-7.040(2.48%) |
Mkt cap ! $134.1B | |||
| Open | High | Low | Value | Volume |
| $280.67 | $281.07 | $275.01 | $254.8M | 915.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1140 | $277.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $277.08 | 312 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CSL (ASX) Chart |