WOW 0.56% $30.18 woolworths group limited

"I'm true blue, I buy only from Australian companies. At least...

  1. 9,422 Posts.
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    "I'm true blue, I buy only from Australian companies. At least its a bit more pride for Australia than those that shop at Aldi and pretend. . imo"

    I am sure you try to be but are probably under some misapprehensions . ( not on purpose )

    Let's take the example of the Monte Carlo biscuit......

    They retail for about $ 3.15 let's assume that woolies buys them for ( and I am not sure of their markup)

    lets say $ 2. 50 .

    $ 2.50 goes to Arnotts ( a foreign entity ) (80 %) and 0.65 to woolies ( 20 % )

    Wheras if you buy Kookas biscuits or any other Australian manufactured biscuit you will

    be keeping the 80 % + the woolies 20 % = 100 % in Aussie hands.

    You are probably not as true blue as you think .

    On some lines maybe 80 % of your dollar is going offshore and you didn't relise it.

    Dick Smith foods is another company that is True blue.

    Also Woolworths is a much larger company with bigger revenues so a larger conduit for sending money

    to offshore entities.

    Reminds me of those Aussie Flags with the " Made in China " labels ?? just weird.
 
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