Friday, June 27, 2008

MarketWatch: The Warehouse Group (UPDATE)

Time to poke a few investors pockets out there. If you are not already aware, The Warehouse Group [WHS.NZX] shares have taken a beating over the last few weeks and were at lows of NZ$4.19, down 32c at close of trading today.

The slide was on thin volume of just over 400,000 shares.

Today's share price slide was due to a profit downgrade and new guidance to the 27 July of a 10% drop in earnings to between NZ$84-88 million.

If you are a regular reader of this blog you will already know that The Warehouse is currently suspended in the throes of a possible buyout, with a bidding war from 2 prospective buyers on the cards, should an Appeal Court decision currently pending fall in favour of selling the company and its assets to a new owner- in this case Foodstuffs or Woolworth's Australia. [WOW:ASX]

To those who don't know, check out this blog and its further reading on the subject and make your mind up yourself.

There is talk of 8 bucks or more per share and there is clear serious short to medium money to be made and in the current market that is not to be passed up.

I know I usually witter on about long term portfolio purchases but I am not adverse to stocking up if there is a quick buck to be made as well.

Disclosure: I own WHS shares

The Warehouse Group @ Share Investor

Long vs Short: The Warehouse Group
Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

Share Investor Forum-Discuss this topic

Related Links

NZX WHS profit downgrade announcement

The Warehouse Financial Data

Related Amazon Reading

Essential Stock Picking Strategies: What Works on Wall Street

Essential Stock Picking Strategies: What Works on Wall Street by Daniel A. Strachman
Buy new: $29.95 / Used from: $5.04
Usually ships in 24 hours

c Share Investor 2008 & 2009

No comments:

Post a Comment

Comment on Share Investor Stuff