"cK, could you comment on wow. Thoughts on current price, wes on...

"cK, could you comment on wow. Thoughts on current price, wes on buying cgj and implications if any on wow if their bid successful, would they team up with kkr to counter, capex and debt levels.."


WOW is now cheaper than what WES (or WOW/KKR) are bidding for CGJ.
But they are taking a long-term view. CGJ needs fixing before it will pay off for the successful bidder, at least 5 years in my book.
Therefore WOW, although expensive by histrorical standards, continues to make sense as a BUY.

As for today's weakness in price I put it down to Myer announcing weak women's apparel and shoe sales, plus the expectation of Costello's budget being inflationary leading to higher interest rates, lower consumer sentiment etc etc .. the usual market getting ahead of itself.

Bottom line : When you got some money and you cant think of anything better to do, buy WOW.