http://www.jamescox.com.au/conservative-vs-aggressive-accounting-practices/ An evolving perspective on Finance, Investing, Business and the Stock Market Wed, 08 Sep 2010 00:18:45 +0000 hourly 1 http://wordpress.org/?v=Array http://www.jamescox.com.au/conservative-vs-aggressive-accounting-practices/#comment-21997 bruce Mon, 08 Mar 2010 08:48:59 +0000 http://www.jamescox.com.au/?p=206#comment-21997 I'm generally bullish about the banking sector, we have had 20% retracement of banking stocks in Australia over the last 3 months which makes a good buying opportunity, many are trading around 16pe and have already expecting profits to double on 2008's drop, which would put them around 12pe, some of the good value banks here in Australia are ANZ trading at only 1.7 times Equity, NAB trading at 1.6 times equity and Suncorp trading at 0.8 times equity, the other banks CBA and Westpac are trading well above equity and are now overpriced - 2.4 and 2.7 times respectively. I’m generally bullish about the banking sector, we have had 20% retracement of banking stocks in Australia over the last 3 months which makes a good buying opportunity, many are trading around 16pe and have already expecting profits to double on 2008′s drop, which would put them around 12pe, some of the good value banks here in Australia are ANZ trading at only 1.7 times Equity, NAB trading at 1.6 times equity and Suncorp trading at 0.8 times equity, the other banks CBA and Westpac are trading well above equity and are now overpriced – 2.4 and 2.7 times respectively.

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