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In the ‘health’ sector of my portfolio I have Primary. I’m not so impressed with Primary and would like to sell it and put in something else in its place.
Do you think Ramsay is priced ok or is it over priced? I’m always hearing comments about Ramsay like, “Wow! It keeps defying”. Therefore, I feel uneasy about buying it in case it crashes. What do you think?
A: Thanks for the question.
Ramsay is certainly expensive – however, it is hard to argue against their track record – almost unbeatable in the market. Despite the price, I am not a seller.
I am not sure what you don’t like about Primary. By sector standards, reasonable PE and dividend yield. According to FN Arena, consensus target price of $5.22.
Both Primary and my preferred stock, CSL, report on Wednesday (12 Feb). Ramsay reports on Tues 25 Feb.
