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10:58
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I do find itr amazing that the SP would fall to 1.46 today. Better to hold on and get a guaranteed (?) 1.55 by the end of the year.
Originally posted by Hunger:
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I'm holding out for that reason. I'm just thinking of a pink midsize warehouse looking Priceline. I have seen Chemist Warehouse aggressively place their stores in areas with higher rents. Priceline already exists in various locations. In addition, Priceline stores that I go to are a lot more spacious than the Chemist Warehouse ones. WES might even surprise us and make it an Officeworks sized warehouse and go all Sephora/Mecca on us. As bricks and mortar stores become more irrelevant with ecommerce, the foot traffic and cross sales of pharmacy stores will be an interesting space to develop. Well played WES. Proven management team and I think they'll be successful.
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