It's a generalisation, but Briscoes customers are more middle class, WHS more working class. And as we all know it is the working class who tend to suffer more and spend proportionately less when times get tough. Which they are about to...
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. Contentedbeagle.jpg
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
Agreed Winner Whs profits are still good but less than previous. Investors have reacted decisively and sold it off. And not that long ago Beagle was pumping a 5 plus handle, now sadly a memory.
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.
Originally Posted by LoungeLizzard
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