luscombe stands by woolies profit target. , page-5

I reckon many traders underestimate the attraction a solid company like Woolworths offers to both institutional and small investors. WOW is Australia's dominant retailer and a household name. Imagine after 40 years work you open yr superannuation statement and see your investment has dropped 8% while other super-funds have risen 8%. You ring yr super and discover their "copper play went bad". Not satisfied you call back and discover their 'copper-play' is not a BHP/Extrata type company... rather its an investment in an "exciting massive new discovery in French Guiana". 'Should have been a cracker' explains yr fund's PR person.... 'but head-hunters ate both the geologists and the entire drilling team succumbed to malaria'.

Woolworths offers investors a company that is almost overly transparant in both it's past performance and its intentions. These include accurate forecasts that are immediately amended when a change from expectations is perceived. Never pays less than 60% of income as Ffr divs and remains my foundation stk. Also prone to share buybacks which increase EPS. $27.50 quite likely imo. dyor.