Employment levels up, wages up, benefit payments up, inflation up, stock price down. Potent mix.
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Investors Lose Appetite for Stocks of Unprofitable Companies - WSJ
https://www.google.com/amp/s/www.wsj...es-11643106602
Yes I didn’t see the relevance - Warehouse generates tens of millions in net profits every year, average for last 6 years is $59 million net income.
Unless Habit was posting in reference to investors here may start heading for profitable companies like the warehouse?
Looks like buyers are getting excited around the 3.10 to 3.12 mark.
Not putting a paw up for these until good value emerges in the mid $2's.
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until a comprehensive picture emerges its a no go at any price im afraid. once a clearer picture emerges its a gamble at any price above 2.20.
Simply because its a one currency stock and this govt could not organise a drinking game in the beer festival.
There are too many policy settings that are not pro market. The percentage of GDP that is not government and local government related means the economy relies of high community prices to balance debt.
Long term it means there is simply not enough clarity on the structural balances of the economy to buy single currency stocks.
WHS by far worst performer of main retail stocks on NZX
Current price off recent highs
WHS -26%
BGR -16%
MHJ -8%
HLG -15%
And I thinkWHS has got further to fall