Snippets from page 27 in today's AFR.
"Investors sniffing victory for Metcash in the wholesaler's federal court battle"
"Metcash is trading at a discount to the major grocery chains, at 11.9 times 2012 earnings per share, compared with 13.9 times earnings per share for woolworths, an offers a 7 per cent yield."
"Linwar has an 'outperform' rating and a $5 price target."
I'm hoping Metcash wins this current court battle for the good of the company, but more so to leave a dirty stain on the ACCC and the golden handshake coming midyear.
metcash market wrap - $5 target
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