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Can Woolies still be a buy

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Rams
Super Contributor
woolies has to kill the clothing and homeware division to get my attention...i am adding to my long term positions in MPC and SHP
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Rams
Super Contributor
and trading : still short MSM
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WES
Super Contributor
A 50 basis point increase is not going to affect their monthly spending at Woolies, they have more than enough free cash flow to absorb an interest increase. They are not going to cut back on woollies.
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Werner_1
Super Contributor
I hold long term in both FSR and WHL :)
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WES
Super Contributor
Rams, just a question, don't you think MPC will come under serious pressure on their imports due to the weak rand. I feel that with the consumer at the lower end of the market is under a lot of pressure now (e-tolls and interest hike) and their imports becoming more expensive, this has to lead to lower margins.
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klapka
Super Contributor
This pullback is already looking overdone.
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kwagga
Super Contributor
The low interest rate cycle has come to an end. That means we are fighting creeping inflation with interest rate hikes. The last place you want to be in, in such an environment are retailers. They are all shooting stars that will move at best sideways or marginally higher in the next year or two.
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Rams
Super Contributor
yes,but compared to WHL, MPC still a better buy...
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