WES 0.49% $68.69 wesfarmers limited

Although not long or short on WES or WOW... the justification...

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    Although not long or short on WES or WOW... the justification would be an overstretched valuation which again has been highlighted by qtrly sales figures. Ie growth is running at 5% for the company but the company is trading at a 20x earnings multiple. Currently the div payout is 4%, sp to book at 1.5x and sp to nta is 8x nta, and projected growth at 5-10%.

    Compare that to a 10yr gov bond, at 3.5%, with price to book/nta at 1x and 0% growth.

 
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