You need to adjust for EDV on chart, essentially the massive dip in WOW was due to masters disaster. Albeit back then all staples traded cheaper on higher bond yields and a subdued market. WES was equally cheap trading circa $40 with COL still in it.
The risk here is bond yields rise further and trade at circa 5% for a long period of time like happened during the flash 5% in the 10 year in October (market lows). Mind you whole market would tank on that.
For me, risk reward stacks up. Negativity on sudden ceo departure, the woke mistakes, lacklustre revenue growth compared to COL for first 7 weeks of trade and the Albo scapegoat review all created a solid buying opportunity. Could be wrong, but I’ve added significantly to existing holdings around here.
WOW...radical thought...stick to RETAILING, page-259
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Last
$33.93 |
Change
0.120(0.35%) |
Mkt cap ! $41.44B | |||
| Open | High | Low | Value | Volume |
| $34.00 | $34.17 | $33.72 | $55.49M | 1.632M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5508 | $33.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.97 | 3791 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WOW (ASX) Chart |