Article clearly mentions ...peak of retail sales . Also timing of this sale also points in that direction .
Maybe cash out time ??
How can we be anywhere near 'peak of retail sales' when Robertson says the economy is cooking with gas blah blah blah and working from these numbers where GDP is going
Alllooking good for a few years - strong economic growth and high employment and unemployment heading to 4%
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Article clearly mentions ...peak of retail sales . Also timing of this sale also points in that direction .
Maybe cash out time ??
Tailwinds for the next year or two are people are not travelling overseas anywhere near the pre Covid numbers and have more disposable income, benefits have increased and online shopping is gaining more market share.
Tailwinds for perhaps five more years ? Forsyth Barr out with a recent report figuring that overseas travel will not return to pre-pandemic level's until 2026 !
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
Sometimes tho, you need to know where you have been, before you know where you are going.
A look at the 5 year graph is a bit more sobering, $2 was the SP for much of that time.
Going forward, is the retail environment going to be consistently 80% better ($3.60) than what it was?
One has to compare apples with apples though - The Warehouse Group is significantly different to where it was 5 years ago - its growing ever more efficient on the operational side - creating better margins - and has grown into new retail segments (T7, Online), and is keen for more acquisitions.
Chickens shouldn't be counted before they are hatched, (especially coked ones), so disregarding future acquisitions, but a bit closer to apples, have a look at the KGN 5yr chart on ASX.
I wonder if that now, resembles where WHS will be in 9 months time?
Chickens shouldn't be counted before they are hatched, (especially coked ones), so disregarding future acquisitions, but a bit closer to apples, have a look at the KGN 5yr chart on ASX.
I wonder if that now, resembles where WHS will be in 12 months time?
lol kgn has got itself in to trouble inventory wise from not being able to handle the growth.
Originally Posted by alokdhir
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