I'm surprised there's not more chatter on the VBA forum. How things change so quickly or had they changed. The markets bounced back and VBA is a step ahead. So much positive data for VBA in the last coule of days. * Morgan Stanley comes out with an upgrade today * Employment figures solid - means a greater probability the RBA will increase interest rates and therefore adds strength to the AUD. The AUD hit a new 15 month high today at 93.6. *Australia's major trading partner (guess who) by several billions of dollars comes out with the fastest retail spending in 10 mths and industrial spending in 19 mths.
Our $'s going higher, economic growth is going higher and VBA's fundamentals look pretty good. This stock is a high beta play and will head higher with the economy, market and dollar. VBA's still cheap.
VBA Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held