markco2
CCL is also an excellent business, though it is trading at a premium to its value IMO. I have followed it for some time waiting for an opportunity under $10. Like WOW is has a 10 year history of expanding EBIT margins.
Agree with your comments around WOW and its distribution and logistics profitiency. This is the core power and driving force behind the continual margin expansion. They have reduced from 32 to 20 DC's in Australia over the last 10 years which has lowered their CODB as % of sales significantly.
The other thing I see first hand with WOW is the company culture is one that encourages hard work. I see a very disciplined work ethic where performance via hard work is encouraged and rewarded.
Dick Smith is certainly a challenged business, refreshing that O'Brien is prepared to look at it strategically and accept that it may be an area of retailing where WOW can't prevail.
wow!!!, page-45
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Last
$34.21 |
Change
-0.240(0.70%) |
Mkt cap ! $41.79B | |||
| Open | High | Low | Value | Volume |
| $34.63 | $34.68 | $34.10 | $56.69M | 1.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2212 | $34.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.22 | 671 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WOW (ASX) Chart |