CRZ 1.28% $10.30 carsales.com limited

Woooaa, steady there Klutch. DY on this stock is only 3.1%...

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    Woooaa, steady there Klutch. DY on this stock is only 3.1% annualised. Ridiculous amounts of cash? Only a 19.6c earning per share, giving this stock a PE of around 52! For a company with arguably very low overheads, CRZ is not a cash cow. AND their business model is easily replicated by a fast follower, so they really only have their brand to protect them. Ask any taxi driver where that will get you when a competitor floods in.

    So, THATS why the market wasn't happy. Twenty years ago you'd be forgiven for looking speculatively forward to what the business might be like in 5 year's time. Today, the opportunity cost is too high for such a long wait!
 
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Currently unlisted public company.

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