WCB warrnambool cheese & butter factory co.hold.ltd
Add to My Watchlist 0.00% ! $9.01

why would anyone buy now????

  1. samgribbles
    159 Posts.
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    14/02/14
    12:35
    Post #: 12936193
    So the Saputo bid for WCB has closed with Saputo only getting to 87%.

    There seems to be buyers there still at around $8.50.

    Why would anyone in their right mind still want to buy WCB shares at that price without any takeover bids coming???

    WCB are now trading on a P/E of 32, and a dividend yield of just 1.5%.

    Surely the share price should drop back down to around where it was before the bidding war? Around $4.50?
    WCB Price at posting: $8.75 Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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