When a business is growing and weathering the ups and downs ...
When a business is growing and weathering the ups and downs of the macro environment, natural market capitilisation growth will follow over time.
if the financial sector in the US and AUS remain healthy with no 'major shock events' it will steadily grow along with the sector average and move with the Index. currently CBA is a major holding 41% of the ASX financial sector.
if the financial sector in the US and AUS remain healthy with no 'major shock events' it will steadily grow along with the sector average and move with the Index. currently CBA is a major holding 41% of the ASX financial sector.
In other words, only if you have fatter wallets than the Super Funds that require Aussie financial allocation, then you are just going to get burnt!
Is CBA a perfect business, NO! not even close, is it expensive at the 'CURRENT time" = well yes! that is clear.
Is CBA a perfect business, NO! not even close, is it expensive at the 'CURRENT time" = well yes! that is clear.
this is my opinion! unlike some clowns on here getting it all wrong and telling people what to do! and making excuses for all their crap calls!
if it does drop to 120's again, I will be right there with you topping up!
$CommBank (CBA.AU)$
if it does drop to 120's again, I will be right there with you topping up!
$CommBank (CBA.AU)$
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