I am wondering how investors are looking at financials at the moment.
Stocks I am watching are:
MBL is expected to produce a record profit.
NAB is expected to pay an 80 cent dividend in a month.
AFG is trading with a dividend yield of over 6%.
At some point do the fundamentals come into play like to play like they did when BHP was $24 for some time, and RIO was $70? They hovered around these levels for a while when copper prices were falling but all in all they were still trading on low PE levels.
Are the financials getting to that stage now?
The dividends are looking juicy, and earnings per share are still going strong.
I believe NAB is a $50 share, AFG is a $9 to $10 share, and MBL is a $100 share given time!
Anyone else agree disagree?
I really believe after the volatility financials will run again.
The fed cutting rates could kick this off again and end the downwards slide.
Long term 5 years where do investors see these financials?
Long term trends would say they are worth looking at.