I agree with SuperWealthy. WOW in the past 8-10months has been classified as a SELL, however has been upgraded to HOLD by financial analysts. Large stockbrokers/funds are also opening LONG positions into woolworths, and believes that the turnaround will be successful.
Feel free to watch http://www.smh.com.au/video/video-b...en-to-buy-back-into-woolworths-20160317-4c6d6
The track record for blue-chips doing a turn around is very high, and Woolworths is still dominating the supermarket industry by a far mile. The journey may be slow, but in a medium to long term perspective i am sure that woolworths will make a full recovery and average out at around $40 a share.
In the mean time, you can enjoy the nice dividends, and the ups' and downs' in the short term, however IMO Shareholders will be rewarded at this price.
DYOR
Picked up a few, page-4
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Last
$30.02 |
Change
-0.195(0.65%) |
Mkt cap ! $43.04B | |||
| Open | High | Low | Value | Volume |
| $30.25 | $30.27 | $29.87 | $20.09M | 669.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 361 | $30.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.02 | 834 | 6 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| WOW (ASX) Chart |
