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Codan Ltd (CDA) $19.02

CDA has been a top ASX performer this year, the company designs & manufactures the likes of radios, metals detectors and mining automation systems with customers including military and intelligence agencies – it’s one of Wilson Asset Managements (WAM) largest holdings.  They have been performing very strongly and growing through prudent strategic acquisition already making the company a $3.4bn business. This is an excellent company that’s priced for growth but not ridiculously so, plus it even pays a small but steady fully franked dividend.

At this stage we are reticent to chase strength but we like CDA into pullbacks which investors should remember virtually all great bull markets do provide.

CDA
MM likes CDA into pullbacks
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Codan (CDA)
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