If they dump the useless CEO I'll be back, but until then no. I just don't believe the forecast EPS through 26 & 27 and even that just gets WOW back to where they are now. Fortunately, Supermarkets are one of the few businesses you can actually see and feel the company performance through your weekly shop - stocking, customer service, pricing, how busy is the store etc. Coles is vastly superior, I think customers will vote with their feet and the market feels the same way too with Coles on a p/e of 25 and Woolies on 21. The question should be what does Woolies need to do to get on the same multiple? because I don't believe it will just happen, it's not a market mispricing issue, it's a company execution issue.
WOW Price at posting:
$30.01 Sentiment: Sell Disclosure: Not Held
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