Woolworths or Wesfarmers

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Woolworths or Wesfarmers? How Australia's two of Australia's leading retailers go head to head. Philip Parker, Chairman of Altair Asset Management, says despite the difficulties in analysing the Wesfarmers' model they continue to see great value in the business. He sees a great value proposition with some of the core businesses in in Wesfarmers such as the Bunnings Warehouse stores. On this front he says Wesfarmers have an entrenched business with a great proposition for consumers. The Woolworths alternative is the Masters business, Parker says there is quite a bit of money still to be spent on this front before it begins to stacks up against competitors. The granular review of each business level within Wesfarmers has prompted Altair to start shifting their portfolio positions to reflect greater exposure to Wesfarmers. Here is the short video covering Parkers comments:

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