Already sell grocery lines, not a big part of the shop. Works well for Reduced to Clear shops which seem to be expanding
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Two important questions which will get cleared by market action in next few days .
1. How will SP behave when so many retail investors got sizeable lots at $ 3.27 ...much below current SP ...they may try to cash up for freeing funds for next opportunity
2. Why Foodstuffs thought its better to sell then hold on ...Capital required doesn't stick with corporate lending rates below 2% . Only dividends here would have covered interest costs . So when retail market is so bullish ...talking $ 5 to $ 7 levels then why cash up at the start of bullish trend of next 3-5 years as mentioned here by many learned investors
Why they could not find better priced institutional investors if stock is so bullish in outlook ??
Ominous when retail investors get most of what they ask for.
Looks like the institutions are not really there as they are usually given preference?
The old saying in the broking industry comes to mind - ‘Better to get a little of something very good rather than all of something not so good!’
Pre made pizza's, WW own brand, $4 in Countdown.
Guess where they are made? Italy!
McCains pizza $6.30, Made in NZ
Some Watties branded tomato products also from Italy.
The own brand potato fries imported from? The Netherlands!
I used to think NZ was a garden...
Must be clocking up some Green miles eh?
Since updated post#4164, according to website, McCain pizza $6.50, Made in Australia.
Most warehouse stores already have several isles devoted to food items (And there used to be the "Warehouse Extra" stores IIRC that had more food range). 99% of the food items have long shelf life and don't require refrigeration - the exception being the bread and milk fridges.
Pams pizza I think is made in NZ though haven't checked for years.
Chicago frozen pizza too which is available in most supermarkets.
Yes I am somewhat surprised at the discount. I wonder whether institutions are reluctant to hold large positions retailers given their highly cyclical nature? Can be hard to offload large amounts of shares when the story changes, whereas retail investors can generally unload their positions within a few days?
What's the price going to be at open Monday?Any guesses?