plushtek, access to the shareholder card for coles myers got phased out over two years ago so drop that argument. as for latham chopping the baby bonus i don't think so. liberals family policies of recent times have been in reaction to a lot of things that labour has been saying on family friendly policies.
one thing that coles does have over woolies in the fuel wars is that shell is considered much more highly than the woolies petrol plus. from discussions i've had with various people they refuse to put the woolies fuel in the vehicles.
THe AFR from 13 August 2004 wrote:
Coles Myer seems to be snatching back Australian supermarket supremacy from arch-rival Woolworths. Coles Myer's food and liquor sales rose by 6.2% in the fourth quarter of 2003-04, while Woolworths increased its food and liquor sales by 1.5%. It was almost a total reversal of the competitive positions seen in May 2003. John Fletcher, Coles Myer's CEO, appears to be keeping the customers won from Woolworths, exploiting a Coles Express discount petrol offering and refreshed fruit and vegetable displays.
anyway why don't you buy your coles puts and i'll continue to hold my shares and see what happens in 6 months.
cheers
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