WES 1.92% $68.57 wesfarmers limited

$30 price fair value with reasons, page-13

  1. 153 Posts.
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    David
    If ever you had the time it may be useful to go back and read the recent annual reports put out by Wesfarmers. Hidden away in the summaries
    put out by the most senior people you will find a couple of lines referring to the investment success of the original people who had faith
    in WES right from 1992 when it ceased to be just a farmers co-op.
    In effect if you bought $1000 ( that's right $1K ) of shares back then and re-invested all dividends, you would have and investment worth
    about $200,000 now.
    In the meantime it has become Australia's biggest private employer amongst many other milestones. Criticise them at your peril.
 
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