Nah cadalac... retailer is not me eh...i like Kogan....ASX
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Nah cadalac... retailer is not me eh...i like Kogan....ASX
I owned these once at $4 I think. Got out fast. Not well managed , not changing with the times , and not seeing reality. Not a good idea to get offside with high profile politicians of either colour. A dog of a share
I lost $ on WHS too - and when I see the CEO trotting out that silly agile and nimble stuff I cringe!
I think Nick is the only person in the world who thinks Nick is great
Pretty good at putting together glossy presentations though .....with cool strategy diagrams ....and heaps of buzz words and phrases. Even beagle once said he’s probably the only one who believes his own bull****.
Execution .....hopeless
Nobody wants to follow the Beagle...that's okay...I am always happy to follow my own nose for a feed which is seldom wrong. 20 cents fully imputed = 12.5% gross.
Nobody wanted to follow me when I bought into HLG in 2016 at $2.70 and was getting 15% gross yield...ended up at over $6 at one point.
A decent restructure and slimming down of their branch network is long overdue and 25% of branches have their leases up for renewal in the next 15 months. I can smell a good feed with this one. Cindy will be throwing money around in her second term at beneficiaries and families like a whole ship load of drunken sailors on shore leave and Nick will be trimming down costs to get his well earned bonus.
So its okay...I will venture out into the cold winter world of retail again all on my own...just look at my cool well padded jacket I bought with the fat profits from my HLG adventure, what could possibly go wrong this time :) https://www.youtube.com/watch?v=r67UOkKByyA
My opinion on this, Very sad to see people lose their jobs. Would the re-structure had happened without covid? Most likely but not as soon. This is the part of the way things are in the current climate which is the cruelest even though it is the way it goes. The people that are responsible for the strategy and execution get to keep their jobs, the people that just carry out the day to day tasks who don't have a say don't.
The executors of said strategy should be held more accountable in these times I feel. The executive team have not covered themselves in glory at all, constantly playing catch up. Poor strategy and poor implementation.
I shop at WHS perhaps two or three times a year and really I get reminded of why I don't like going in there. Poor layout, poor product and not a lot of help. The online experience has improved vastly but honestly, I feel as though it has just caught up to what Mightyape and co have already been doing for years.
Not a holder, but also reinforces why I don't buy retail stocks at all. I almost caved and bought HLG but haven't, things in this space move so quickly, one bad move or failure to adopt to the competition and you can easily fall by the wayside in a year or 18 months.
Why WHS is a BUY
For over 5 years and 100+ posts Beagle has been disparaging of WHS - disparaging it’s management, telling us the business model is broken for these days, hopeless strategy etc etc ...in effect saying they were useless and and as he correctly pointed out only lead to tremendous destruction of shareholder wealth
And then only recently warning us that all retailers will suffer as we endure the biggest depression since the 1930’s (maybe worse). The Stockmarket was not a safe place and retail in particular was not a place to be.
Now almost overnight WHS is the greatest thing since sliced bread. Great strategy and customers like drunken sailors home from sea rushing in ....they have the goods at the price people want to pay. Can’t lose position.
WhT caused the change of heart. Something sparked this revelation, maybe it was a calling from above. Who knows.
I don’t think beagle is in it for the promised 20 cent divie. He’s a out and out trader and has seen a ‘bargain’ and has targeted the share prices getting to $4 next year sometime.
when Beagle says you heard it from me that WHS is great buying at 220 odd one must listen. His track record is impeccable. I look forward to the day next year year when he’s closed out this trade at over $4 by saying it’s overpriced and better risk adjusted yields elsewhere.
Disc. I’ve in ...will double up if the price spikes down on a bad market day but I must remember this is not an investment per se but a straight out and out trade and act accordingly