Everybody Loves CSL

Between 2010 and 2012 I often quarreled with stockbrokers and other "CSL-lovers" as it was my view that macro headwinds were conspiring against the company and thus the share price was going nowhere fast. Correct. Every price chart today shows that's exactly what happened. Until those macro-headwinds subsided in 2012 and the share price catapulted into the stratosphere. The difference between $30 and $92 is quite mind boggling. By now, of course, everybody loves the stock. That's including me, by the way, as I consider CSL Australia's prime listed corporate entity. The primus inter pares. The best one can get. But is history about to repeat itself? This month's FY15 report underwhelmed and so did guidance for FY16. A breather in the stellar performance seems but logical. With the 2010-2012 experience still fresh in mind, I think investors will treat CSL with the benefit of the doubt. No Ansell-alike experience should be expected. For investors who missed out in the past... (do I really need to spell this out?) There's a lesson from the past in this. (VIEW LINK)


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