Supermarket goliath WOW requires no introduction and while its been underperforming Coles Group (COL) in recent months we feel value is returning back around the $35 area however yesterdays muted reaction to a decent 1st half report, with NPAT coming in 6% better than expected at $795m, suggests another test under $35 is at least a 50-50 possibility, even though we believe upgrades will eventually follow.
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