mango ... I'm not stefanis, however would be moderately comfortable to say that earnings growth "forever". Similar with WES. By earnings I'm referring to profit.
Naturally, there are caveats such as provided they don't make a big strategic error, provided we don't have a 10 year recession, and provided population continues to ever so slowly grow.
Sure, there might be the odd slightly lower year for whatever reason (a Dick Smith type exit) that will provide decent buying opportunities.
And it could outperform that if something kicks along (ie. Masters moving from a loss to profit will provide a kick whereas at present it is a drag).
Realistically, 3% is saying match inflation only. Population and inflation growth will support that. If they only averaged 3% over the long term that would be disappointing.
This is one stock / industry that I have no intention of selling, and would see material pull backs as possible buying opportunities.
woolies vs coles comparable sales, page-5
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