CSL: Australia's best resource stock - Part 2

Drugs, money, blood – even allegations of cartel-like behaviour: the plasma industry has all the ingredients of a crime thriller. In Part 1 we explained how CSL’s (ASX: CSL) large, reliable source of raw plasma and its status as the lowest-cost producer make it the industry’s equivalent of Saudi Arabia. But the resemblance runs deeper.Saudi Arabia leads OPEC, a cartel of petroleum exporting countries that coordinates the supply of crude oil to ensure ‘a fair return on capital’ for producers. To be sure, explicit price-fixing cartels are illegal in the corporate world; OPEC only gets away with it because it’s...

Drugs, money, blood – even allegations of cartel-like behaviour: the plasma industry has all the ingredients of a crime thriller. In Part 1 we explained how CSL’s (ASX: CSL) large, reliable source of raw plasma and its status as the lowest-cost producer make it the industry’s equivalent of Saudi Arabia. But the resemblance runs deeper.

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