See my latest HLG post.
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tantrum ... buying dip possible but NZ probably wont respond much and price is right, right now......
Bah humbug!
According to Warehouse Money I'm going to benefit from a Purple Visa card instead of my current Warehouse Money visa card. What this really means is they will be taking my 5% discount away and charging me $55 a year for the pleasure. And this is to "benefit" me.
I can't say I'm that surprised and it's been good while it lasted (especially in those days when there was shareholder discount and you could get a discount on a discount). But as I use the card only when at The Warehouse I won't have it much longer.
So bad for WM visa card holders but potentially good for WHS holders.
I think they're headed down the everyday value path anyway so you'll get more value. Honestly I am really surprised how cheap stuff is in the Warehouse. The cheapest thing of all is the shares though :)
"tantrum "
referring to up and coming QE slow down which could hit the market here if the DOW throws one.
WHS could be cheap for a while yet.
Its fairly valued at this time.
"Dont worry NZ market"
dont expecet the NZ market to react for more than a morning or 2 ..last chance buying for WHS although if WHS hit it out of the park these could be the last so called cheap buys..
hoping the selling continues..would like to see 3.50 and below..
Maybe WHS with its target demographic, warehousing, distribution and retail network is the ideal J.V. partner for the Government with a possible new Kiwishop ?
https://www.stuff.co.nz/opinion/1260...rocery-duopoly
Looking forward to a trading update soon.
Apparently all 12,000 WHS employees are getting a $1,000 one off bonus this year.
They about to announce a HUGE profit I reckon.