WOW 0.03% $32.99 woolworths group limited

yes agree getting very very close to WOW breakout time once BHP...

  1. 4,557 Posts.
    yes agree getting very very close to WOW breakout time once BHP and RIO stop their monumental run (any minute now lol) market will give WOW a well earned boost safest stock on ASX IMO

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    Australian Supermarket growth has been assisted by the benefits of Project Refresh delivering cumulative savings of $7.3bn over the past eight years. Another important factor has been the lack of real competition in the sector. A few years ago the #3 operator Franklins self destructed and more recently the main competitor Coles/BiLo completely lost the plot.

    A strong balance sheet and $757m in franking credits available suggests some capital management initiatives are possible in calendar 2008.

    FY08 guidance indicates sales growth between 7% and 10%, EBIT growing at a faster rate than sales. With a 53 week trading year NPAT is expected to grow in the range 19% to 23%.

    FY08 NPAT estimate increases from $1.52bn to $1.61bn

    WOW a GREAT CASH COW!
 
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