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.
it is cheap. A dividend yield isn’t a valuation metric. This...
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Last
$32.54 |
Change
0.060(0.18%) |
Mkt cap ! $39.82B | |||
| Open | High | Low | Value | Volume |
| $32.68 | $32.69 | $32.34 | $27.49M | 845.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 3917 | $32.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.55 | 2237 | 22 |
View Market Depth
| Last trade - 14.30pm 13/06/2024 (20 minute delay) ? |
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Last
$32.56 |
Change
0.060 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $32.69 | $32.69 | $32.34 | 269378 | ||
| Last updated 14.49pm 13/06/2024 ? | |||||
| WOW (ASX) Chart |