Lastly a slight twist with our 3rd candidate, WES is another quality business which we feel is again fully valued around current levels although fresh all-time highs wouldn’t surprise in today’s buoyant market. However even though the stock is forecast to yield ~3.4% fully franked our feeling is simply another opportunity will present itself around the $50 region in 2021 – remember MM believes this year will be net strong but volatile with many stocks taking 3 steps forward followed by 2 back. We recently sold WES from our Income Portfolio ~$55
MM would not buy WES at current levels
Add To Hit List
