Normal
NAB at 24 bucks trading at 10 x 2016 EPS which is traditionally a screaming buy " normally " on top 4 banks , low at 24.16 today .. Banks are on the nose lately no doubt but sometimes the best opportunties arise when no one else interested , Buy when they are Crying .. Grossed up yield north of 10% , sure there is no growth forecast for next couple years but at some stage in this low yielding bond world this has to become attractive regardless of the risk , at 10% gross risk is priced in a lot , certainly not without risk totally though but at 24 we have a tangible suppportIgnore bottom graphic , figures are wrong imo[ATTACH]67360[/ATTACH][ATTACH]67361[/ATTACH][ATTACH]67362[/ATTACH][ATTACH]67462[/ATTACH]
NAB at 24 bucks trading at 10 x 2016 EPS which is traditionally a screaming buy " normally " on top 4 banks , low at 24.16 today .. Banks are on the nose lately no doubt but sometimes the best opportunties arise when no one else interested , Buy when they are Crying .. Grossed up yield north of 10% , sure there is no growth forecast for next couple years but at some stage in this low yielding bond world this has to become attractive regardless of the risk , at 10% gross risk is priced in a lot , certainly not without risk totally though but at 24 we have a tangible suppport
Ignore bottom graphic , figures are wrong imo
[ATTACH]67360[/ATTACH]
[ATTACH]67361[/ATTACH]
[ATTACH]67362[/ATTACH]
[ATTACH]67462[/ATTACH]
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