Wilson Asset Management reckons brave investors may do well in a short-term trade on under-siege Westpac by buying the stock over the next few days as the negative headlines continue.
But they will need to exit soon afterwards, because the costs for Westpac will keep mounting from the AUSTRAC scandal, the fund manager said.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com