WES 0.61% $70.49 wesfarmers limited

antidote to errington, page-22

  1. 514 Posts.
    Maybe I was wrong, I found the below, it goes awfully close to a compliment!

    “They are applying the correct strategies to a business that had been severely depleted of capital and management talent,”

    but he tempers it with

    “But expectations have to be realistic and anybody expecting a fast turnaround in Coles’ earnings is likely, in our view, to be materially disappointed going forward,”

    Yank, I guess what he is suggesting is that WOW should stay out of hardware and WES should stay out of groceries. One thing I am inclined to agree with him on is the fact that WOW is a little preoccupied with strangling WES which has taking some attention away from its shareholders. Just my opinion, I know it counts for very little!
 
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