IMO WOW was oversold and we may decline a little further. However at the end of the day it is still a solid business and making over $2b p.a. As you said, the market response was probably more in relation to futures estimate. However there is a solid base in the necessary's of life - Liquor, food, petrol. Correct me if I'm wrong, but the present main drag is Big W. IMO management are going to have to do some innovative restructuring there. However that can be said of most in that branch of retail.
On the whole, WOW are doing well considering the present climate. A 2-6% growth prediction is an extraordinary margin difference and IMO a rather irresponsible announcement. It seems more like a 'cover one's butt exercise'. But hey, that may just be me.
rethinking woolworths, page-2
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Last
$34.50 |
Change
0.120(0.35%) |
Mkt cap ! $42.14B | |||
| Open | High | Low | Value | Volume |
| $34.54 | $34.63 | $34.27 | $93.96M | 2.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5972 | $34.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.52 | 6063 | 3 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| WOW (ASX) Chart |