Google:
ResMed recovery turns into Hollywood script.
It's an article with a lot of interesting facts and perspectives.
It's a wonderful summary of a good company that's suffered a Black Swan event. Thus offering investors an entry point at a 'depressed' share price. This one has bounced back very quickly. No longer necessarily cheap.
If you look way back into CSL's history they too had an event that offered a cheap entry point.
The point of my post is - there's a lesson there.
At times, the market will present opportunities to buy quality companies 'cheaply'. Not very often. But they do occur and it's worth keeping an open mind to identifying.
Agree or not - the articles definitely worth a read either way.
May all of your investments grow your wealth.
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