CSL: a balance sheet that any CEO would die for

CSL: a balance sheet that any CEO would die for. Rhett Kessler, Senior Fund Manager at Pengana says he continues to own CSL because the company is globally diversified with a proven track record for ongoing innovation to solve problems. Kessler says they have built a moat to ward off competition, If ever there's an increase in competition in the industry, as the lowest cost producer globally, they're best placed to survive. Management has been remarkably astute at navigating their way through regulatory issues and competition issues. Kessler adds They've got a balance sheet that any CEO would die for. It's quite a safe but growing business.