Woolworths: Focus on the long-term
Nathan Parkin, Deputy Head of Australian Equities at Perpetual, says Woolworths management is focussing on its core assets of food & liquor, where he sees strength. “We’ve not been a long-term investor in Woolworths, for all of the reasons why the share price is currently down. What we’re seeing today, is some really good signs, really good decision making within that business, around the future direction. We think the focus is in the right place, the balance sheet is robust, the cash flows will come out, and the market doesn’t believe the value of those assets anymore.” Watch the video for his thoughts on Woolworths and Graincorp:
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The Perpetual Equity Investment Company Limited is an ASX listed investment company offering investors access to a portfolio of predominantly high quality Australian and global listed securities, selected by Perpetual Investment Management Limited.