ANZBY - ANZ Banking Group: Correction Was Expected What's Next?
Main Thesis
The purpose of this article is to articulate why I believe the Australia and New Zealand Banking Group (OTCPK:ANZBY) is an attractive investment option at its current market price. Australian banks as a whole, including ANZBY, have come under intense selling pressure in the short-term, which I believe offers investors a good opportunity to pick up solid companies at a reasonable price. While the Australian economy didn't experience much growth year over year in 2017, it still grew at a steady rate of 2.4%. Furthermore, ANZBY is trading at a very