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WOW - Woolworths Group

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Ko Ko

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12 May 2006
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Hey all,
I have been following woolworths for a while now and keen on investing in this company some time soon. I am looking at its general purpose financial statements and a bit concerned about its current ratio and its debt to equity ratio. I understand that woolworths has a high inventory turnover so that might explain why the current ratio is so low. Another warning sign for me is that the new ceo. The previous ceo made huge growth over the years and I have doubt on the ability of the ceo to take off and continue to make the company grow. Can any other people in the market shed some light. Im quiet keen on investing but have my doubts. I just need some more opinions.
Thanks
 
There's no question that WOW is a fantastic company.

It has room to expand in NZ, hardly any in Aus though as it owns most of the grocery and liquor market already.

The problem is it is too expensive at the moment.

A good company is only worth buying if you do not pay too much for it.

Be patient, wait and wait until the price drops. Which may take years.

I overvalue it. And would not buy it. Even though it is definately a fantastic company.
 
If they eventually get their way with having instore pharmacies that will provide the next big expansion and growth. So far too much resistance from the powerful pharmacy lobby but one day they will cave in and Woolworths will be ready and waiting.

I bought it several years ago and will not be selling it unless something changes substantially. I think it's a basic defensive long term stock.

Julia
 
Halba said:
?? up 20% in a couple of months??
Click to expand...

Possibly, a well run company, expanding, profits good, always busy, pleasant staff. Overall market reaching full value though. I may buy 50% of what I'd planned to invest now and wait a month or two to see what happens and then put the other 50% in.
Garpal
 
Garpal Gumnut said:
I may buy 50% of what I'd planned to invest now and wait a month or two to see what happens and then put the other 50% in.
Garpal
Click to expand...
It is only one of very few companies that return over or close to 20% annually on 10 years, 5 years, 3 years, 2 years and 1 year basis. Any time is a good time to put money in this stock. I think your strategy is good as I expect a possible pull back soon. Also I have a little concern that the growth space in ANZ is limited. WOW needs overseas acquisition. (or buy out BHP, just joking)
 
I went long CFD's on wow and anz for the last 3 weeks....bailed thursday for a tidy profit....cba might be due for a run soon
looking for another march correction in the markets....
enjoy!
 
Re: Woolworths


Ko Ko

I would endorse your concerns, both in regard to the new management, and the liquidity issues. The two are actually linked, and could well get worse.

I personally wouldn't touch WOW at these prices, but more importantly, the actual fundamentals of the company have *seemingly* been revised.

jog on
d998
 
kennas said:
Is this the only green stock on the ASX?
Click to expand...

Its the only green on my screen , i thought this would have sold off today,

on the back of the huge run its had.

PE around 27 now, just keeps defying gravity.

amazing stock this one.
 
WOW - Any comments on the technicals?

Volume is dropping and the ranges are narrowing. Any thoughts?
 
Coping a bit of a battering of late, and today on sale this one.

Think there is a bit of support around this $28.30 level off the March high.

Represents a fair entry point for mine.

MACD's are ordinary though, the Daily and Weekly are poised to put pressure on the SP.

The fact the interest rates are predicted to remain steady for the moment has probably capped WOW's momentum for now, but too good a stock to fall out of bed I would think.

Willing to take the risk, but will be watching closely.

 
possibly the reason theyre doing so well is due to the fact they dont pay their employees well enough, and keep us back 5-8 minutes without pay everynight
 
ShiroKage said:
possibly the reason theyre doing so well is due to the fact they dont pay their employees well enough, and keep us back 5-8 minutes without pay everynight
Click to expand...

Old Russian saying:

As long as the bosses keep pretending to pay us, we'll keep pretending to work.

 
ShiroKage said:
possibly the reason theyre doing so well is due to the fact they dont pay their employees well enough, and keep us back 5-8 minutes without pay everynight
Click to expand...

Sorry to hear that ShiroKage, doesn't surprise me though.

There are alot of things I don't like about WOW, but the fact is they pretty well have a monopoly on food, shelter, and clothing... the basic nessecities of human existance. Ok, maybe a bit of a stretch, but Big W does well, along with food, grog, fuel, and their Real Estate holdings.

One of the few companies who actually benifit from an interest rate rise.
 
Woolworths is looking very toppy.... attached is my chart view.....

I see a full wave count, heavy MACD divergence, and a break of the day 50EMA which has proved to be dynamic resistance in the past.

Any longs here IMO should very quick, dark clouds are over this one.....

Cheers
Reece
 

Attachments

  • WOW 2007.05.24.pdf
    36.3 KB · Views: 84
One of my friends who is a branch manager of WOW in Sydney. he told me the turnover of WOW in recent monthly goes down a lot. of course, it is of part of WOW picture, but should be taken into consideration.
 
Looks to me that WOW may just be finding a bottom.. will need a bit of confirming action yet but it goes from my watch portfolio to my possibles one.. then if it shows signs of changing trend it's into the probables..
 

Attachments

  • wowl_130607.gif
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  • wows_130607.gif
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