With a plastic bag ban, WOW may have just marked its profits and earnings down something significant. I would say one of the major differentiators between WOW, Coles and the discounts such as Aldi was the plastic bags.
I think their profits will decrease markedly and it could cause the WOW earnings to go into a downturn.
Some retailers that tried this in Europe saw their earnings fall 30% such as Sainsbury and Carrefour before a recovery so WOW at $20 is on th cards IMHO but pls DYODD.
WOW! can it hit $20.oo?, page-34
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$29.89 |
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