My father told me he used to be able to go into a supermarket with $2 in his pocket and come out with bread, eggs and maybe butter. Now, he said, they have cameras everywhere.
Is that the self-selecting clientele to which you are referring?
... I suspect the Metro will be selfselecting in terms of clientele.
maybe I should have changed her name to Karen, to protect the innocent.My father told me he used to be able to go into a supermarket with $2 in his pocket and come out with bread, eggs and maybe butter. Now, he said, they have cameras everywhere.
Is that the self-selecting clientele to which you are referring?
It’s all automated these days, in central facilities. No butcher can keep up with these robots doing it by hand.Yes it has been a long time since I actually saw a Coles or Woolies butcher handling a side of lamb, beef or anything else on the block, in our local they just look like meat packagers, wrapping blister packs.
Well @debtfree , so far it has not proved all that defensive, indeed just the oposite.Is Woolworths (ASX: WOW) a BUY for Defensive Investors?
Is Woolworths (ASX: WOW) a BUY for Defensive Investors?
Woolworths (ASX: WOW) has good defensive qualities, providing food and discount merchandise in Australia and New Zealand. Inflation benefits Woolworth revenues.thebull.com.au
i hold WOW ( less than 10% of the holding i inherited )
short term .. probablyWell @debtfree , so far it has not proved all that defensive, indeed just the oposite.
As the market has gone up, WOW has gone in the opposite direction.
So far it is the only one of my canny picks that is below the entry price.
Should I be worried?
mick
It could be worse, you could have gone with one of the green sky dreaming team, like Neometals (NMT) or Calix (CXL).Well @debtfree , so far it has not proved all that defensive, indeed just the oposite.
As the market has gone up, WOW has gone in the opposite direction.
So far it is the only one of my canny picks that is below the entry price.
Should I be worried?
mick
Probably a reaction to the supermarket inquiry by the ACCC, state governments and the unions. I have to say when I was farming the two supermarkets always paid a couple of dollars above the price paid by central markets, so cant see where the price gouging comes in. Its pretty fashionable to blame everything on the big two, however there is choice to buy at aldi or IGA, but most people choose not to.Well @debtfree , so far it has not proved all that defensive, indeed just the oposite.
As the market has gone up, WOW has gone in the opposite direction.
So far it is the only one of my canny picks that is below the entry price.
Should I be worried?
mick
I think 2014 - 2016 troubles at WOW were caused by Masters failure Becoming evident. I can’t remember Aldi having much real impact on WOW and Cole’s.I remember when there was a scare campaign over Aldi's entry to Australia and Aldi was going to shrink the custom of Woolies and Coles. Unfortunately I took notice of it at the time.
Actually I just googled it and Aldi first landed in 2001 ! but I remember the scare campaign came much later - looks like the 2014-2016 period from WOW's chart. Maybe Aldi were committing more capital at that time or gaining traction.
Held
thanks for reminding me i probably made an error dumping MTS a couple of years backProbably a reaction to the supermarket inquiry by the ACCC, state governments and the unions. I have to say when I was farming the two supermarkets always paid a couple of dollars above the price paid by central markets, so cant see where the price gouging comes in. Its pretty fashionable to blame everything on the big two, however there is choice to buy at aldi or IGA, but most people choose not to.
missed that, but yes, a bit tricky. I'm sure the visuals conveyed more.after the embarrassing interview on ABC ..
which gender is that ??My defensive pick of WOW for the yearly comp seems to have been just the opposite.
Its SP going down, now its CEO is going in September as he decided he "needs to spend more time with the family" after the embarrassing interview on ABC being the last straw.
It seems a female has been chosen as heir, which means both major supermarkets will have the correct gender as CEO.
Mick
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