going much lower

Now I know some will jump all over me for saying this, but imo Wesfarmers is about to hit the skids big time.

With huge debt and a slowing economy, already imo in recession and moving mid year to late year into depression, Wesfarmers will be attacked and its share price will suffer like few others.

IMO Wesfarmers may have to consider a fire sale of assets very shortly and this will present bargans for others but it will be near catestrophic for WES s/p.

I am predicting here that Wesfarmers will slide to $10 by the end of the financial year and $5 by this time next year.

I base the above on a weakening economy, the high debt, market sentiment, risk, and a slow down in all areas of operation and demand.

It will be awful imo.
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THE ABOVE IS NOT FINANCIAL ADVICE AND NOT DESIGNED TO
BAIT, TROLL, FLAME, CREATE AN ARGUMENT OR OTHERWISE CAUSE OFFENCE TO ANY PERSON WHO SO-EVER IS ENTITLED TO DISAGREE
WITH MY OPINION AS STATED IN THE ABOVE TEXT