But big cash balances are a temptation aren’t ....acquisitions the answer says the text book
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Share buybacks/special dividends are good. Cash will be eaten up by inflation
They have sort of done the acquisition thing. Remember Silly Sollies and the other aussi acquisitions. The past acquisitions here a bit opportunistic imo. Don't think there is any appetite or rationale for new ones. Most retailers just busy trying to manage their own transitions in sales channels. What I mean is any aussi or international guys unlikely to come here to have a crack at establishing competition. I don't think retailers bankers would be easy to convince either that world domination is a sound strategy. I think that is the CEOs approach by the looks also. That means it is a divvy stock. What is reasonable as a long term yield?
Definitely correct, and up to date, I had both last week, and the $4 is a standard price, not on special..
The story is even more bizarre, I'm pretty sure the Italian ones are 50/100g heavier as well, & the pepperoni is top notch.
It wouldnt surprise me to find out the mozzerella cheese is actually made in NZ, & exported to Italy to make them, then send them back here.
While the McCain one doesnt specifically mention Hastings on the box, It probably is made here, but I accept national pricing applies.
As someone else quoted recently on one of these threads, Nino Culotta's book title, "They're a weird mob"
Update, in the interests of accuracy.
Woolworths Pepperoni pizza, 400g. $4.00. Made in Italy.
McCain Spinach & Mozzarella. 350g. $6.50. Made in Australia.
Both standard pricing, not specials, at Countdown.
Re the Foodstuffs WHS sell-down. I am disappointed to have missed out on this. I hold WHS in my portfolio and gain personal satisfaction supporting them.
I returned home Friday to find an email from Jarden Direct arrived at 10.30am detailing offer - and for orders to be in by 11.30.
Not much use to me at 6.30 pm Friday evening.
Is this correct-was this offer only for people connected to the internet for those few hours or did I also miss some pre advice this was coming up?