it is cheap. A dividend yield isn’t a valuation metric. This stock hasn’t traded at this PE ratio in around 6 years, it usually trades mid 20s. It’s around 19-20 forward PE. This is cheap for a defensive staple. Not to mention the gap in PE ratios between Cole’s and wow is usually large, now closed. Yet WOW is a far superior business with better operation margins due to superior scale and logistics investment.
Call that a ramp all you want, but it’s the data. Wanting a 7-8% dividend yield like bank stocks can trade in distress is fantasy. You pay a higher price for a defensive staple because its earnings are lower risk.
WOW...radical thought...stick to RETAILING, page-362
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Last
$32.48 |
Change
0.090(0.28%) |
Mkt cap ! $39.67B | |||
| Open | High | Low | Value | Volume |
| $32.38 | $32.59 | $32.26 | $86.70M | 2.670M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5730 | $32.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.49 | 6103 | 2 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
$32.53 |
Change
0.090 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $32.38 | $32.58 | $32.26 | 266512 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| WOW (ASX) Chart |