WOW 0.85% $41.39 woolworths group limited

why woolies should be >$13

  1. 3,567 Posts.
    The outlook for Woolies has never been better. Strong EPS growth can be achieved from Project refresh II as they expect to save $5bn in costs over a few years.

    The joint venture with Caltex is a positive and several other growth stratergies (Pharmacy, liquor, fresh foods etc) should mean Woolies is trading at historical forward PE's. This would mean the WOW should be on a PE of 20-22 i.e. $13.60-$15 and not the current share price of $11.76.

    Anyhow, it should take too long for the market to figure this one out.

    Cheers,
    Munch.
 
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