WOW 0.65% $30.02 woolworths group limited

Woolworths Turnaround?, page-25

  1. 4,775 Posts.
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    Agree with most of what you have said, except;
    1. Brooks stuffed up Myers so he is out and Corbett is too old to apply the effort required. Foran should have been the choice as CEO after Luscome but he wanted to reduce divs and invest in price, board didn't like it as it would have reduced the share price.....look how that has worked out.

    I will defend the decision to go into home improvement as where else can they expand...yes we made some mistakes but that's what start ups do, except they then should be allowed to move much quicker to correct their mistakes, something that WOW doesn't do well.

    There is hope, WOW absolutely rules in liquor and the CEO was a big part of that. I have heard that everything is up for review....so hopefully at least they are heading in the right direction.

    P.s. bonuses were not normally based 100% on ebit normally sales had a big part, which they have missed.
 
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