Retail has been exceptionally strong these past 6 weeks. WES has risen just over 30% from the $20 mark. I was thinking of opening a short-sell on David Jones (DJS) when i thought.... what about WES?? i rang a friend who uses COMMSEC and got the consensus EPS for FY09 and FY10. EPS for 09 is estimated at $1.74 and falls substantially to $1.24 for FY10. That puts WES on a high PE IMO for a company enduring cuts in coal prices and strong competition from WOW etc.
Final div next month is to be cut to 50c from previous $1.34/share. All-in-all i can't see how WES can keep climbing so short-sold some today at $26.34.
Do readers reckon there is plenty upside left in WES or has the SP run-its-race for the time being? def DYOR
there's no other store like coles
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Last
$70.10 |
Change
-0.280(0.40%) |
Mkt cap ! $79.50B | |||
| Open | High | Low | Value | Volume |
| $70.73 | $71.12 | $69.68 | $68.48M | 976.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2394 | $70.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.15 | 5423 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| WES (ASX) Chart |