Stopped at Te Kuiti for a bite to eat on my recent road trip to New Plymouth. Hadn't been there for ~ 20 years as the road now bypasses the town.
Overriding impression was how poor and old the town felt apart from the massive modern Warehouse that completely dominated the main street.
Bell Block just a few kilometers north of New Plymouth also has a massive store that seems to completely dominate the area and the store in central New Plymouth was very modern and the staff very helpful with last minute necessities.
The sense I get from that little trip is the Warehouse has a very dominant market position in regional N.Z. and will do very well in the future selling consumer basics at very reasonable prices.
I am not worried about the move to the minimum wage of $20 per hour today as staff numbers have been materially reduced with self checkout now being a feature of all the stores I have visited.
I might back the truck up a bit more on WHS.
Last edited by Beagle; 01-04-2021 at 10:43 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I've seen more than enough studies evidencing the relatively quick share price recovery of shares going ex dividend to convince me that in the vast majority of cases (taking a view of several weeks), one is better buying cum dividend than ex dividend. It doesn't always work, but far more often than not in my opinion. I think bull has hit the nail squarely on the head with his comment directly above.
Last edited by Beagle; 01-04-2021 at 12:52 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I've seen more than enough studies evidencing the relatively quick share price recovery of shares going ex dividend to convince me that in the vast majority of cases (taking a view of several weeks), one is better buying cum dividend than ex dividend. It doesn't always work, but far more often than not in my opinion. I think bull has hit the nail squarely on the head with his comment directly above.
Free dosh for anyone with an empty plate or even better a empty sack
Originally Posted by winner69
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