Forum Archive Index - August 2002

["winner69 ." <wwinner69@hotmail.com>]

One of Snoopy's best pieces is an analysis he did on Woolworths last 
November. It is on the message board
http://www.sharechat.co.nz/cgi-bin/msgboards/post_show.pl?id=2491

Good time to review Woolworths.

If Snoopy added this years numbers to his analysis the situation (earnings 
growth / return on equity etc) would still look exceptional.

A great company as Snoopy says. It still is.

One of Snoopy's screens was the ability to set margins. Read the post and in 
particular the comments of Roger Corbetts,CEO. Very interesting.

Latest result shows margins in the grocery division not growing and, worse 
still, not meeting market expectations.

Shareprice takes a hammering as "WOW was priced for perfection" - something 
Snoopy did allude to.

Will be interesting as to where the WOW shareprice will go over the next 
month or two. It was "priced for perfection" and in the eyes of the market 
did not deliver, even though Woolworths remains a great company.

Hope this never happens to The Warehouse.

By the way Snoopy the likes of Phaedrus would probably have sold in early 
July at $12.50 when the long term uptrend (that started early 2000 when the 
price was $5.00) was broken.

They probably would now be looking at Fibonacci retracement levels of $11.55 
/ $10.31 / $9.30 for future guidance. Strange it closed pretty close to the 
$11.55 yesterday.

Maybe the charts were forewarning the market that margins had not increased 
and to expect a fall. Spooky eh





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