Woolworths Ltd (WOW)

Discussion in 'Stocks & Derivatives' started by finicky, Oct 8, 2014.

  1. nickybaby

    nickybaby Active Member Silver Stacker

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    quite the drop today. WOW
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    WOW all right, almost 10% drop today.
    Might be time to buy some more in the super fund.
     
  3. silver kook

    silver kook Active Member

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    WES down around 5 per cent too!
     
  4. nickybaby

    nickybaby Active Member Silver Stacker

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    my understanding is that woollies is spending profit to increase competitiveness. Wes down as they will have to follow suit to stop customers going to woollies.

    said I was going to buy back into woollies at 25.00. I suspect market sentiment will drive this lower and will hold off.
     
  5. SilverDJ

    SilverDJ Well-Known Member

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    Metcash MTS down 10% as well!
    After a pretty decent rally recently.
     
  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm liking MTS as a potential takeover target from somewhere. WOW or WES would have a hard time convincing ASIC to approve it so maybe an overseas supermarket chain. I don't hold it
     
  7. finicky

    finicky Well-Known Member Silver Stacker

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    Bit glib, but last time WOW behaved like this, in late Feb where it gapped massively down, it continued to deteriorate 20% over another 7 months. Has undone the subsequent rally now anyway. Holder of WOW, but buying's not for me until confirmed change of direction.
     
  8. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    Perhaps waiting some remedies on their masters home...
     
  9. Silverthorn

    Silverthorn Well-Known Member

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  10. tozak

    tozak Well-Known Member Silver Stacker

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    My whole life up until 2010 I only ever shopped at Woolworths then one day in 2010 the stores refused to accept my Debit card as part of their new 'Debit Cards Policy' I left the trolley full of shopping at the checkout and walked out and have never been back to do a full grocery shop since. I quite enjoy shopping at Coles now and over the past 5.5 years have really grown to know the layout of their shops now and the odd one off days I do find myself having to run into a Woolworths to grab something doesn't entice me back either. I can't help but feel that this was the most devastating policy Woolworth's ever tried as I know many other people also left Woolworths that day and never came back.
     
  11. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Im not loyal to particular supermarket chains, i stay loyal to value for money
     
  12. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I bought some WOW today @ 23.44

    From a technical perspective it was a long (2 year) downtrend that looks oversold, found a decent base and it recently has bounced with a short covering rally that could signal the bottom is in.

    From a fundamentals perspective there have been some restructuring which may be positive and also the recent strengthening of the AUD is likely to help profitability. Even though I am generally a bit of a bear on the broader market and economy and think we could be in for tough times, it seems a good defensive stock and could/should hold up ok even if we go into recession.....and if we go into money-printing mode (food stamps?) then there's actually some upside.

    Anyone else holding?
     
  13. Sid

    Sid Member

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    Bugged Out, what indicates that shorts are being covered? Or is this just an assumption due to change in sentiment short term?

    Cheers,
     
  14. SilverDJ

    SilverDJ Well-Known Member

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    I stay loyal to convenience.
    I'm not going to drive a few extra miles to save a few bucks on the groceries.
     
  15. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Admittedly it is a bit of an assumption/opinion regarding the sharpness and volume of the recent bounce. But it could probably be backed up by looking at open interest. Unfortunately I am not that diligent, nor do I have that info.
     
  16. markc

    markc Member

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    I held WOW but sold out once all the stuff ups started happening.
     
  17. Sid

    Sid Member

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    Yeah all good I thought there may be something I was missing!
     
  18. miniroo

    miniroo Well-Known Member Silver Stacker

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    too much going on to be sitting in this with the grandpa, grandma holders, the AGM would be like a wake, cups of tea and cucumber sandwiches.
     
  19. trew

    trew Active Member Silver Stacker

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    Thanks for the heads up. Wasn't watching but just added to watch list.

    If they can get their earnings back to the long term trend it is selling around a PE of 10

    Share price is back to where it was 10 years ago
     
  20. heartastack

    heartastack Well-Known Member Silver Stacker

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    I work for a supplier to WW. Absolutely shocking behavior on all fronts and it's getting worse. Won't be getting my money.
     

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