ALL is becoming a long term underperformer.
The casino/gambling business which has been growing for 2 decades is running out of steam. 20 years ago there was gambling in 2 US states. Now there is gambling in about 42 US states. Growth is running out of steam there. And its the same story in Australia - pokies everywhere now.
ALL may bounce from current levels but it is difficult to see how they can ever generate enough profits to sustain a rising share price.
over reaction.., page-5
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Last
$67.75 |
Change
-0.120(0.18%) |
Mkt cap ! $36.16B | |||
| Open | High | Low | Value | Volume |
| $67.77 | $68.20 | $67.42 | $51.90M | 766.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1090 | $67.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.77 | 20386 | 4 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| ALL (ASX) Chart |
