This is one of the strangest drops to me. They have turned around performance recently and pay a strong dividend. Definitely considering buying in here. Any thoughts?
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This is one of the strangest drops to me. They have turned around performance recently and pay a strong dividend. Definitely considering buying in here. Any thoughts?
Perhaps it's more a matter of fear that their supply change is/will be disrupted. After all, not much of their stock isn't imported, largely from Asia.
Going into a lot slower period for retailers,so the affect may not be so great.
Winter clothing deliveries would be their major concern.
I expect there will be some shortages,and I think we will be surprised by what they are.
In ChCh with the earthquakes, the major need was for water,and then loo paper.
Great window of opportunity for most retailers to clear out the back storeroom.!!..lol.
A few days later
Coronavirus: The Warehouse Group warns of up to eight weeks of stock delays
https://www.nzherald.co.nz/business/...ectid=12313226
The warehouse price was all over the place today, I will probably buy back in when all the shortages are happening hopefully all the negative news will send the price down nice and low.
Eight week delay on winter clothing seems quite significant, it basically a season of clothing written off, but in the great scheme of things it will be a one off, and supply will all be hunky dory again in a few more months
Not a bad result out today and some interesting comments.
Their factories in China are back up and running, which is good news. The big unknown is the virus coming here.
Obviously if it did then it could be bad, but other than that looks pretty positive. They are normally a decent recession stock
No, not bad at all. I sold 2/3rds a few months back and decided to keep a third to see what happens. Has anyone noticed how busy the Warehouse is just now? It's not supermarket busy but there's a steady stream of people loading up on stuff. It's the busiest I've seen it for years.