Merrill Lynch just published a 13 page report on WOW with a $24 price target. Forecasting a supermarket price war, lower margins, Coles cutting prices, Aldi stepping up competition, etc. Just stating the obvious and what we all know is already happening.
Get out while you can. The IH15 WOW result will be the crack that causes the dam to break...the pebble that causes the rockfall....management is clueless...there is no credible strategy...they just fired the head of supermarkets, when the entire the Board and ceo should have resigned instead.
Good luck trying to compete with Aldi...every market they enter they wreak havoc and crush the competition...they didn't just breeze into town on the back of a watermelon cart...backed by German families who are worth USD 40 billion between them...they have more in their personal piggy bank than WOW's entire market cap!!
WOW is about to learn about the impact of true global competition and what it feels like to pick a fight with one of the globe's most dominant retailers....as the old saying goes, "Where does the 1,000 pound gorilla (Aldi) sleep? Anywhere he likes"...haha.
$24 price target
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Last
$30.59 |
Change
0.090(0.30%) |
Mkt cap ! $37.36B | |||
| Open | High | Low | Value | Volume |
| $30.56 | $30.88 | $30.46 | $101.6M | 3.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8361 | $30.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.60 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$30.71 |
Change
0.090 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $30.52 | $30.88 | $30.45 | 531107 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WOW (ASX) Chart |