An article I found dated 2 June 2014. Answer to the heading now is, Yes, it can and has!
Not only by $7, but by a whopping, $11 since its close of $37.96 on the date of this article.
Must hand it to Investment bank Morgan Stanley for getting this one right. Their "base case" price target at the time was $31.
Well, WOW has well and truly fell under that target to now be trading at $27.
If Morgan Stanley had said $27 at the time, nobody would have believed it.
Most would have shown strong interest to buy it at $27 with disbelief that it would ever get there. But here it is at $27 and at a 30% discount to the 2 June 2014 price and people are scared to touch it.
People were happy to pay $37-$38 for it 1 year ago and now they wont pay $27 for it.
Let me think.....well, I feel it is much safer and cheaper to buy now than it was 1 year ago.
This stock is within the buy zone now.
I don't think it is likely to fall another 30% down to $19.
Full article can be found here: http://www.afrsmartinvestor.com.au/p/shares/could_woolworths_fall_B1xMszkqkvU3TG76o8HnoN
commsec targets sp $36!, page-45
Add WOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$30.20 |
Change
0.280(0.94%) |
Mkt cap ! $36.89B | |||
| Open | High | Low | Value | Volume |
| $29.95 | $30.52 | $29.85 | $62.54M | 2.046M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5855 | $30.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.21 | 3882 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| WOW (ASX) Chart |