WOW 0.38% $34.17 woolworths group limited

WOW...radical thought...stick to RETAILING, page-253

  1. 3,537 Posts.
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    I guess if you buy it now around $32 on a PE ratio of about 22, what would be the reason for share price rise ?
    it would need to be either substantial earnings growth, or else PE expansion back to the mid 20's.
    I can't see either happening in the current environment.
    WOW was on PE ratios well below 20 back in 2015 - 2016 ( average PE 16 in 2015 and as low as 11 in 2016 )
    so it could well become cheaper.
    I'd like to pick it up below $30 on a PE below 20
    by the way, the 5 year chart looks like a big H&S pattern to me
    Last edited by woollydog: 19/03/24
 
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