Why we're liking CBA, but waiting for a dip to buy

Why we're liking CBA, but waiting for a dip to buy. Commonwealth Bank is a play on household and business conditions in Australia. Given that, we like the signs coming out of the bank after its results, including a relatively upbeat outlook, positive signs for credit growth, cost control and very strong capital position, which helps explain why CBA has the lowest required return covered by StocksInValue. Yes, there are risks, including, the fact that provisioning for bad debts has fallen to near historic lows, which exposes the bank to worse-than-expected economic outcomes. Overall, though, things are looking pretty good for CBA. That said, and as you'd no doubt expect, it all comes down to value. While we're positive on CBA, we believe the bank is trading above value, and you're better off waiting for a dip in the share price to buy. View the full report (VIEW LINK)