WOW 0.00% $30.20 woolworths group limited

Dick Smith telling lit like it is

  1. 5,483 Posts.
    lightbulb Created with Sketch. 77
    It seems I'm not the only one who sees Aldi for what it is. I've been posting for months now some of what Dick Smith has come out and said. Good on a real Aussie for showing some guts and telling it like it is. imo
    I've been ridiculed for saying exactly what Mr Smith claims.
    Remember my potential Health problem claims which was were dismissed as rubbish by ...............

    Hope the Article doesn't upset the Aldi posters on here too much!

    http://www.news.com.au/finance/busi...d/news-story/7c211f4dfa7477368dc0056a6f756761

    Heres some snippets In part

    "DICK Smith has launched an extraordinary attack on Aldi, accusing the “greedy” and “ruthless” discount retailer of siphoning “hundreds of millions of dollars” to Germany.
    In a scathing letter on Wednesday responding to Woolworths’ controversial decision to axe its deal with local fruit supplier SPC Ardmona, the outspoken entrepreneur pointed the finger squarely at Aldi.
    “Don’t blame Woolworths for the SPC Ardmona disaster,” Mr Smith said. “Blame ourselves and capitalism as it gets to the limits of greed.


    “There is absolutely no doubt in my mind that Aldi with its incredibly low overheads — they hardly employ any Australian staff — and its private ownership in Germany — they don’t have the high costs of public listing — will mean they will eventually send one or both of our Aussie shareholder owned food retailers out of business,” he said.
    “Aldi is one of the smartest and most ruthless retailers in the world. Their greed is unlimited. Aldi Australia is now one-third the size of Coles and they haven’t opened in Australia for charitable reasons. They are here to eventually take hundreds of millions of dollars out of our country and repatriate this money to Germany.”

    Mr Smith pointed out that SPC manufactured “Australian icon” IXL jam, which sells at 72 cents per 100g. The Aldi equivalent, Grandessa, sells at 28 cents per 100g, nearly one third the price, while its premium Grandessa jam, imported from Belgium, sells at 55 cents per 100g.

    And this...........
    Of course, as Aldi becomes more successful with lower and lower food prices Australians will become more and more obese with the associated health problems.
    “And who will pay for that? Yes, Aussie taxpayers. Not the Albrecht family in Germany. And Australian parents, don’t think your children will have a ‘first’ job stacking shelves at your local retailer. There will virtually be no jobs, as the Aldi formula is designed for very low staffing levels."


    I'm nowhere as smart as Mr Smith but I got it right about Aldi (IF he knows what he is talking about), something which a few on here cant work out or understand! imo

    Good Luck to all shoppers at WOW, Coles, IGA etc

    Md
 
watchlist Created with Sketch. Add WOW (ASX) to my watchlist
(20min delay)
Last
$30.20
Change
0.000(0.00%)
Mkt cap ! $43.04B
Open High Low Value Volume
0.0¢ $30.20 $29.96 $46.16K 1.4K

Buyers (Bids)

No. Vol. Price($)
1 30 $33.10
 

Sellers (Offers)

Price($) Vol. No.
$28.69 3326 8
View Market Depth
Last trade - 10.00am 28/11/2024 (20 minute delay) ?
WOW (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.