Is WOW entering the buy zone?
Hello MM team, Thank you for all the answers to my previous questions. It is helpful! I have been watching with interest the fall in Woolworth's share price (~14% ) since its peak in June. I was reading the stock report available in the MM portal and according to it WOW's forward P/E is at a 15% discount relative to the 5 year average. But it is still expensive (14% premium) relative to its 5 year average trailing P/E. Immigration should be putting a floor to revenue growth, and I would imagine many Australians will be going to Big W instead of DJs or Myer to do their Christmas shopping this year. Increased operating costs (lower margins) is perhaps the biggest risk. Is WOW entering the buy zone? Thanks, Angela
