Oh that's alright then if you gave them a bit of a clean..... :p
Printable View
Oh that's alright then if you gave them a bit of a clean..... :p
Has anyone else noticed price closed at 12 month high?
I did Tim, not too shabby.
I think the Warehouse is a great company. Sure, it's had it's problems but overall is solid. My only concern is the housing market and household debt which would way heavily on a stock like this if the housing market turned. The stock is on a good long term uptrend though.
I'm not sure weather to buy now or wait until after a housing crash to buy this.
I also noticed they updated their website recently (probably a while ago actually), it looks nice, the old one was a little budget. I always felt they were a little behind when it came to online marketing. I've bought a few things online with them and the experience was 10 times better than briscoes.
The weakening of the NZ dollar is also a concern.
A great article in the NZ herald today also:
http://www.nzherald.co.nz/business/n...ectid=11769016
I think the warehouse will prove to be a good divy stock over the next few years.
Solid buy, but probably not alot of upside. One thing for sure is this ain't going down.
The most fascinating thing about WHS is about the Norman's intentions. They are the only known buyer of any quantity and are getting closer to the magic 20%. F/Stuffs have the only other large stake that could get them over the line should that be their goal. I just can't see them being in WHS for the divvies but happy to be proven wrong. If they have the intention of making a play for control F/S would not want to take a substantial loss on their 10% (no real case for them to remain on the register now) as was the case with WW. That being the case could explain JP picking up small parcels under 1% recently from others.
Foodstuffs still $60m under water with their 'investment' - (but have collected divies only the way).
Mind you Pascoes not making much on his 'investment' either so far
Will Tindall ever sell? Or might try to privatise again? - his $5.75 offer didn't go far last time he tried
I think it will drift along fir another 10 years - no intrigue here.
Enterprise Value about $1.4 billion
About 9 times ebitda ...hmmm