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19-01-2015, 05:56 PM
#1731
Member
![Quote](images/misc/quote_icon.png) Originally Posted by couta1
Such is the fickle nature of retail it would only take one good sales period to send the price back over $3 much the same as Sum aye Roger, its a scary coincidence that you valued Sum at $1.63 a while back and now the Warehouse, obviously I have to disagree with you on this stock also but no offence mate ![Cool](images/smilies/001_cool.gif) Disc- Holding at $3.27 buy in price.
And such is the fickle nature of retail one bad sales period will send this stock down to $2. It beyond belief why anyone would consider this undervalued in the current retail climate with a forward P/E of approx 15 in an declining sector. Enough said. Far better stocks out there trading at cheap P/Es with better dividend yields particularly on the ASX.
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19-01-2015, 06:04 PM
#1732
I hope the Normans did not buy on margin!
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19-01-2015, 06:06 PM
#1733
![Quote](images/misc/quote_icon.png) Originally Posted by Chaowee88
And such is the fickle nature of retail one bad sales period will send this stock down to $2. It beyond belief why anyone would consider this undervalued in the current retail climate with a forward P/E of approx 15 in an declining sector. Enough said. Far better stocks out there trading at cheap P/Es with better dividend yields particularly on the ASX.
And such is the nature of the share market, anyone who thinks any stock is safe is in dream land to a certain extent the whole thing could turn to custard in quick time with certain world events occurring such as a major war in the middle east, such is the nature of the beast we entertain PS- I dont do ASX only NZX
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19-01-2015, 06:26 PM
#1734
![Quote](images/misc/quote_icon.png) Originally Posted by percy
I hope the Normans did not buy on margin!
Forget about them , what about the 2 supermarket chains
who have 10% each .... North of $ 5.50 from memory ..... Serves one of them right
for being anti competitive IMO and blocking the other one .... Before the comm com did
the rest of the damage ......
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19-01-2015, 06:37 PM
#1735
![Quote](images/misc/quote_icon.png) Originally Posted by stoploss
Forget about them , what about the 2 supermarket chains
who have 10% each .... North of $ 5.50 from memory ..... Serves one of them right
for being anti competitive IMO and blocking the other one .... Before the comm com did
the rest of the damage ......
Karma!!???
I expect the supermarkets will be passing around the hat to their suppliers to support their WHS share losses.!!!
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20-01-2015, 12:18 PM
#1736
Extremely oversold near term and resistance to selling below $2.60 with thin asks now. I'm in fir a dead kitty bounce
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20-01-2015, 12:36 PM
#1737
![Quote](images/misc/quote_icon.png) Originally Posted by BFG
Extremely oversold near term and resistance to selling below $2.60 with thin asks now. I'm in fir a dead kitty bounce ![Smile_2](images/smilies/001_smile.gif)
Good luck BFG, if you're buying now. $2.50 is 2012 support at the all time low. This is down from $7.30 in 2007. There's got to be a reason for the tide to just keep on going out, year after year for this company.
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20-01-2015, 12:38 PM
#1738
![Quote](images/misc/quote_icon.png) Originally Posted by Baa_Baa
Good luck BFG, if you're buying now. $2.50 is 2012 support at the all time low. This is down from $7.30 in 2007. There's got to be a reason for the tide to just keep on going out, year after year for this company.
Not in for a long time, just for a good time
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20-01-2015, 01:22 PM
#1739
Anything less than 250 will be a price not seen since last century
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20-01-2015, 01:27 PM
#1740
Banned
![Quote](images/misc/quote_icon.png) Originally Posted by BFG
Bit lame but how about Deka - a retail chain that died 30 years ago.
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