WOW - buy siganalWOW looking cheap. technically the price has
moved to 61% fibonacci level which is usually a strong level of support. current dividend yield at this price is about 3.5% which is also decent.
There is a kabuki dance between WOW and the govt about price gouging but in reality everyone knows big business are very close to government. target sell for me at this point is $36. I have entered at $30.
There isnt any real competition in this space and COLES and WOW dominate the market. The introduction of self checkout means less labour costs. cheap labour imported labour refills the shelves. think about the prices you paid 10 years ago in 2015 and i you will realised the prices have more than doubled not to mention the lower quality and smaller packaging.
** war is based on deception
