CSL hits $100… again
Today CSL Limited (ASX: CSL) hit $100 for the second time in its history, the last time being that of September 2007 whereafter its stock split 3 for 1.
Looking through the press we can note that the decline of the Australian dollar, the firm’s research & development pipeline, the acquisition of the Novartis influenza division and high hopes for the firm’s Financial Year 2015 result all played a part in bolstering optimism in the firm’s prospects.
As holders of CSL we’re cautiously optimistic. There are fundamental cases that can be made for CSL to be trading above $100, although strong gains to date mean the future upside is more constrained than it was. Higher prices today imply lower returns in the future if prospects are unchanged.
The Montgomery Fund and The Montgomery Private Fund hold positions in CSL Limited.
Scott Shuttleworth is an analyst at Montgomery Investment Management. To invest with Montgomery domestically and globally, find out more.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
INVEST WITH MONTGOMERY
Phil WASER
:
While my wife is a (very) happy member in the Montgomery Fund along with her personal position in CSL, today was a timely exit of her personal holdings in pursuit of other opportunities. CSL while operating a robust business model, has enjoyed a run pretty significant run up recently…