Always interesting watching someone who follows the Alfred E Neuman philosophy of investing;"What,me worry?" lol.
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I would have thought the drop in petrol price would have materially assisted the disposable income of the typical WHS customer ?
We should be very impressed with WHS. Given what a shambles the stores are, how poor their reputation is (my kiwi girlfriend often recites "The Warehouse, where everything you buy is broken.") and how tough retail has been they've done quite well.
That's sort of the value proposition here isn't it? This is still a company that could still be turned around relatively quickly.
Whom may predict what an oracle may think. I don't hold or research WHS, so it wouldn't be thus fair to make any comment on WHS valuation, in respect for holders.
I wish you well and hope you prosper Moosie, you may be young enough to get there at careers end, perhaps philanthropy will suit you too. I’d rebuild the cathedral if $67M became loose change, each to their own.
Be interesting to see how long they can maintain current dividend with margin and profits falling
The SP drop seems to be flattening out somewhat although the buyers appear to be losing interest a little or at least waiting for a bottom. Could be still some ways to go.