Westpac Banking Corp (ADR) (NYSE:WBK)

CAPS Rating: 2 out of 5

Provides a broad range of banking and financial services, including retail, commercial and institutional banking and wealth management services.


Player Avatar TrojanFan (28.89) Submitted: 11/18/2009 8:27:09 PM : Outperform Start Price: $16.59 WBK Score: -26.13

This is a long-term macro call on the Australian economy and AUD vs. USD.

Both the appreciation and dividend stream are levered to dollar weakness so persistent dollar weakness should be good for this stock and I expect the huge raw material driven trade surpluses with China to support the Aussie economy for years to come.

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