Walk through Barrington store and tell me you are not worried.Quote:
I am going to make a prediction. In ten years time the Warehouse will be one of the three largest general retailers in NZ (they are number one at the moment so I think it is a fairly safe bet). Return on shareholder equity is strong and will remain so. All other observations on WHS are basically just noise. I have no idea how WHS will do over the next couple of years. As a long term investor I am not interested.
This is all the long term investor needs to know to be sure WHS will be a good investment at some point going forwards. At what point this will be I don't yet know. I do know to repeat the WHS retail footprint throughout NZ would be impossibly costly.
WHS may be slightly stale bread, but it is not toast. I don't know who the MD will be in 10 years time. But rest assured if the current management strategy doesn't work, he/she will not be following it.
Plenty of you guys get so caught up in the moment, you are blind to the big picture. All shareholders need do from here is wait for that MD who knows how to get more juice from the lemon.
SNOOPY