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WBK - Westpac Banking: Very Little Good News To Be Had
Westpac Banking Corporation
Main Thesis
The purpose of this article is to evaluate Westpac Banking Corp. (WBK) as an investment option at its current market price. WBK has been taking a beating lately, and it may be piquing the interest of value-oriented investors. With a high dividend yield and a share price down about 15% off its high, it certainly looks tempting. However, there are valid reasons for this drop, and I would caution against too much optimism here for a few reasons. One, WBK has seen earnings decline year over year, as it struggles with