yanlin you posted:
"I think this is the time that Warren Buffet would say to buy..... it has a business model that you can understand, it is profitable, it has good long term growth prospects and, it is unloved!!!
"
Do you see Warren Buffett buying shares in Best Buy (the US equivalent of JBH) NO!!!!
JBH's economic moat is at risk
Buying a stock with a declining economic moat is a risk.
JBH's current profit is declining.
Part of this profit decline is due to STRUCTURAL reasons, ie international online purchases.
This risk is not going to go away. Its a STRUCTURAL shift.
Even if the local market competition shrinks, they are still competiting against overseas online suppliers.
consolidation, page-27
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Last
$66.36 |
Change
1.150(1.76%) |
Mkt cap ! $7.255B | |||
| Open | High | Low | Value | Volume |
| $65.30 | $66.99 | $65.00 | $31.16M | 469.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 972 | $66.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.69 | 348 | 2 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| JBH (ASX) Chart |