today we had the sp go up into the stratosphere. next week we have the sales results. in the mean time we have rumors about BigW, helping fuel the sp rise.
my slant on this is totally different and it relates to Masters.
ok, the new chairman is bending towards shareholder angst, and seems a bit negative in his views about the hardware chain.
my understanding is that the new format stores have increased sales by 30%, and that the refitting of existing stores is well and truly underway.
that said, i think that is the main reason that Lowes happily chipped in extra just recently, as i think they know that Masters is a future winner.
i myself as a holder of WOW, would prefer that management stopped "listening" to disgruntled shareholders and just "advertised" the positives/results in more detail of these new format stores, so we could all see the great potential of retaining Masters .
cheers crazypunter
Bunnings loss will be Masters gain, page-12
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