Forum Archive Index - December 2001

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

Hi winner69,

><snip WHS analysis>
> 
> How does all this sound Snoopy? Or have I really messed up the
> numbers somewhere? This does highlight the compounding thing you talk
> about.
> 
> 
My impression?   Good analysis Winner69!   That wasn't too difficult 
was it?   I was under the impression that the price of Warehouse 
shares was getting overheated.  But if your analysis is correct then 
WHS is still a bargain!

The key, of course, is to retain that 25% ROE for the next ten years. 
If that can be done, then the compounding effect will do the rest.  I 
have some more comments to make, but I'll transfer the whole 
discussion to the Focus Investment Group at theis point if you don't 
mind :-)

SNOOPY



---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"You can tell me I'm wrong twice, 
but that still only makes me wrong once."

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/