OK- let's look at WES with your rose colored aids to your short sightedness.
first of all, the SP has been stagnant for the past 5 years. also, the divvy has only been on average, around 4%FF.
so the plot thickens- Coles is now in desperate catch up mode to get same store sales back, so must start a price war with Woolies, and the consequent fall in EBIT will be inevitable and catastrophic to profit margin.
my advice to you, is to look at the individual parts that make up the entity, rather than making grandiose claims, as you seem to prefer to keep your head in the sand when it comes to reality.
cheers crazypunter
WES Price at posting:
$40.15 Sentiment: None Disclosure: Not Held
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