I'm no insider, but I don't believe WOW are in the mood to buy Mitre 10. As well as needing a big capital injection, they are no way near the expanse of Bunnings. Bunnings is all-powerful in the DIY retail sector. Mitre 10 is the "Coles" of DIY retailing. And to turn it into a company to be reckoned with will need years of patience.
But there are cracks in the Bunnings' model. Their customer service sucks, their prices aren't competitive (mainly because there is very little to compare them with) and their staff aren't exactly keen to hang around. Red light specials only occur once in a blue-moon. You learn these things by stomping the warehouse floors, which is something Luscombe likes doing.
I sort of see the arguement for Mitre 10 being a potential take over target by Woolies, but I don't believe they have the patience nor are they in the mood to turn this company around.
I'm no insider, but I don't believe WOW are in the mood to buy...
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