News: WES Wesfarmers Says FID On Mt Holland Lithium Project Deferred, page-16

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floydf

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29/01/20

13:51

Post #: 42622476
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Originally posted by occam: ↑

maybe the market doesn’t have it wrong. Maybe the shares have gone up despite the KDR investment. They would have been up a lot more had they not invested in KDR. They are up because they are a good dividend payer, they retain 15% of Coles whose shares have gone from $11 to $16 since I have held them, and Bunnings is performing well. You can’t invest that much in KDR and then shelve the development without there being a significant cost involved. Just another really bad decision. Their arrogance in thinking that they could make a very costly move into the UK and compete in the garden/ hardware business was plain dumb. But what the heck, what’s a billion here and a billion there down the gurgler.

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I was not saying the SP is up because of the investment but simply that it is up, significantly.
If you are looking for a company that is never wrong with it's investments or perhaps you could do better please feel free.

There was a lot of "their arrogance", "plain dumb" and "another bad decision" type statements after the Coles purchase also... a lot for a long period of time, perhaps even worse.

And yet with all this in consideration here we are... a company that has performed very well over a very long period of time... not that's a guarantee for the future.

WES Price at posting: $44.88 Sentiment: Hold Disclosure: Held
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0 Great analysis

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