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Woolworths (WOW) - Slow and Steady Wins the Race?
Why look at Woolworths? There has been a lot of attention lately on consumer staples. The demerger of Coles from Wesfarmers attracted a lot of attention, whilst any market selloff shines a light on defensives – of which Woolworths is one.
The company is also in the midst of a turnaround and recently had an update to its sales numbers.
So we’re going to take a closer look and see whether Woolies presents as a buying opportunity.
This time a year ago, things began to look better for Woolworths. The company was well down the road in terms of its turnaround, in which it had vowed to listen to customers and suppliers, and was starting to reap the benefits of ploughing...Continue Reading