The pairs trade is as you have said still good for WOW v COL. It will reverse IMHO.
The recent upside in WOW and downside in COL will revert to a downside in WOW and an upside in COL.
Both grocers appear to be great value due to the cost cutting and lack of decline across the Sydney and Melbourne economies.
An ALP stimulus package in May 2019 to avert a recession and a minority Senate where no cuts will be possible in the Senate but stimulus to the economy will be all the rage are a boon for both WOW and COL.
Both WOW and COL Might catch up to the price earnings ratio of top stocks in the sector like Sainsburys SBRY.LON and americanstocks such as COST and WMT IMHO.
Still a long way to go especially for COL IMHO.
The pairs trade is as you have said still good for WOW v COL. It...
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Last
$29.89 |
Change
0.010(0.03%) |
Mkt cap ! $43.04B | |||
| Open | High | Low | Value | Volume |
| $30.11 | $30.19 | $29.79 | $71.33M | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 585 | $29.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.93 | 145 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WOW (ASX) Chart |
