General, page-39

Great minds think alike. We both hold BOQ, NAB & MYS. Of late BOQ has risen whilst CBA has declined so the gap is widening. CBA is over rated in my book. I would only consider CBA at GFC levels. Maybe we diary to revisit this thread in 12 months time to see where we stand financially. My bet is our pockets will be filled with nice big fat FF dividends and our bank shares have appreciated in value.

Having worked in the CBA for a while many years ago I know what a poorly run outfit it was then. It would not surprise me if share holders are not rotating out of CBA into the other banks which offer better value and diversification especially compared to NAB whom I also bank with. Banking is one of the few industries that can survive into the future in Australia. Banks & CSL are the only sure things, the rest could implode anytime. Think HIH.