The Woolworths old bottle shop and liquor company contains the likes of Dan Murphy’s and BWS, if you think the increasing world issues will drive us all to drink then EDV maybe a stock for you! However it’s been a fairly tough few weeks for the share price after it delivered a solid interim result in February which saw NPAT up 15.6% to $311m, people clearly haven’t stopped drinking because of Omicron. We like the companies potential moving forward as Australians look to spend more on having fun but the stock keeps drifting lower following its surge post the recent result, hence at this stage our ideal buy zone is around $6.70, a definite stock to consider when we eventually move down the risk curve.
MM is neutral to bullish EDV
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