new thread, page-183

"For all those that think wes is doing wrong for buying Coles they are dead wrong."


I reckon retail analysts fancy themselves as retail CEO's. I think its the same medical condition which afflicts headhunters. Just because they are given the job of hiring the next CEO, of say BHP, they think that they too could do the job.

Fact is, retail analysts are not the Simons', the Clairs, the Corbetts, the Normans, the Chaney's of this world.

WES has at least a dozen ways of getting value out of Coles that retail analysts havent even thought of.

Just off the cuff :

* property realignments, co-locations etc.
* Wesfarmers retail LPG, Coles Retail LPG (via SHELL alliance) - previously competitors, now brothers
* Bunnings/K-Mart merchandising, purchasing, distribution sysnergies

The list is endless.