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
$64.44 |
Change
-0.720(1.10%) |
Mkt cap ! $73.08B | |||
| Open | High | Low | Value | Volume |
| $64.85 | $65.16 | $64.19 | $87.44M | 1.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3120 | $64.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.44 | 1250 | 2 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |