WES 2.28% $68.98 wesfarmers limited

bring on 10 bucks, page-15

  1. 173 Posts.
    I think its a great buy at $20 and have done so. This morning we shall see as the Dow made a strong rebound. What is interesting is:

    "Company news: Wal-Mart Stores (WMT, Fortune 500) reported a higher third-quarter profit that beat estimates. However, the world's largest retailer also said that a stronger dollar would hurt its fourth-quarter and full-year profits. Shares fell modestly."

    On that basis Wes should be flying with the lower dollar and consumers are still out there. I suspect the shorts will miss the train this morning and I certainly hope they do.
 
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