A lot of very good points here, especially the political line. The bank bashing has stopped, for now, and COL and WOW are easy targets. I wish they would get into the insurance companies, instead.
My play with COL (WOW too expensive on P/E) is to buy below $14.60 (Goldman Sach target $14.50 last time I looked) and sell above $18.50. I set the strategy last September). I'll go along with it.
Swaggy, yes, getting out now and getting back later, is a good plan in my opinion (short term). It is also my opinion that the March quarter GDP will reflect December quarter at best, ie, 6 months of flat to negative growth. The December quarter benefitted from inventory reduction which may not be present in the March quarter. In a decline, staples is where I want to be within a diversified portfolio. Hence I will stick to COL for the long term and hold.
Money in the bank? Portfolio already trimmed with term deposits at 5%.
WOW pricing - I'll take 1 product - Nestle Quik (it puts fun in milk!). Pre COLC (Cost of Living Crisis) price was $5.90, went to $6.50, then $6.90, then $7.50. It has fallen (just prior to the supermarket bashing) to $6.50. All this while the price of cocoa has sky-rocketed. This tells me it was WOW's pricing, not Nestle's.
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A lot of very good points here, especially the political line....
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$16.20 |
Change
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Mkt cap ! $21.69B |
Open | High | Low | Value | Volume |
$16.16 | $16.27 | $16.16 | $36.82M | 2.270M |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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1 | 6826 | 16.190 |
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1 | 5072 | 16.170 |
1 | 4250 | 16.160 |
Price($) | Vol. | No. |
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16.220 | 1000 | 1 |
16.260 | 1676 | 1 |
16.270 | 3024 | 4 |
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Last
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Change
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