WES 2.75% $68.31 wesfarmers limited

Hmm, fundamentals are looking OK bar a few hiccups & the failing...

  1. 54 Posts.
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    Hmm, fundamentals are looking OK bar a few hiccups & the failing UK venture. P/E based on this result is what, 20? Too high.

    A bounce after a negative announcement never looks great to me. I would not have expected that today.


    I like WES & would like to find an entry, but at $42 I think it is overvalued by appx 15-20%. Will consider it closer to the $35 mark.
 
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