Woolies to sell Masters confirmed, page-86

look MarsC- you do not have to be a budding Einstein to grasp the severity of this mayhem.

WOW will sell Masters sure- and the investing fraternity thinks that this will be a huge positive to cash flow .

it is just a pittance compared to food and grocery.
WOW themselves have said that they will take a huge hit from not only same store sales, but food deflation, as Coles, Metcash and Aldi are not backing off-they are going in even harder.

in other words- the Feb results will have not only a huge cut to divvies, but EPS growth will be negative.

that said, you can still make dough by buying in before the results if you are desperate. mind you, i am not game at this stage to do so, as i forecast an eventual sp for WOW at $18 as the PE ratio must be adjusted for lower earnings.

cheers from crazypunter-the Einstein lookalike