SP has been getting lots of traction as of late. IMO for those...

SP has been getting lots of traction as of late. IMO for those still wanting to climb on board who are looking for a long term hold to plant some of their super, RIC is still gold. Yes p/e is higher, but look at why:

- Investing for the long term with new manufacturing facilities.
- Minimal debt.
- Great FF dividend.
- Plenty of property assets that can still be offloaded and diverted into feed business and/or pay down debt left.
- Diversified across whole of a sector that is on the long run up for the next 50yrs.
- Has just achieved 20% growth and IMO will likely achieve absolute minimum 10-15% revenue growth over short term.
- SP has not closed more than a fortnight down since August 2014.

Lazard, AMP and State Super have all reduced their holdings, but they have not exited, and only sold small portions. Thanks to SP increase their portfolios are worth similar amounts even after reducing their holdings. If they thought SP had reached its peak then they would have pulled the plug.

DYOR - good luck all.