sell coles chain to walmart, page-3

Strongly agree that GROCERY retailing is far different from hardware retailing, where BUNNINGS are world-class.

BUT remember that WES has attracted the team that turned ASDA around from NEAR DEATH: Archie Norman, Ian McLeod, ...

When those guys parachuted into ASDA, it was in far worse shape than Coles ever was, even under the old gang of Keystone Kops!

A few years later, ASDA did get sold to Walmart for squillions! I believe that similar patience is required here, but the patient is not in the ICU like ASDA was! And remember that the shareholder value is IN the repair, so if Coles were sold today, Walmart shareholders rather than WES' would net that value!