Forum Archive Index - May 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Ben,

> 
> My impression from living here in Sydney is that Aussies wouldn't
> think twice about shopping at the Warehouse just because it was NZ
> owned.  <explanation snipped>
>

Thanks Ben.  Still interested in other Australian domiciled views.

> 
> Coles Meyer may be Australia's largest employer, but that doesn't mean
> Australians are pre-disposed to shopping at Coles, Kmart and Target. 
> In fact, if one was to judge from the attitude in the mile-long Coles
> supermarket checkout queue I was standing in yesterday, people
> wouldn't mind some more better managed and well-run competitors in the
> market.
> 

Glad to hear that too.   I am considering whether my holding in WOW 
is overvalued.  My calculations are if anything bearish, but I have a 
feeling there may be more growth yet to comes from the Coles nemesis 
Woolworths (WOW)!

SNOOPY








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