When Woolworths decided to spin off its bottle shop and pubs businesses, it was meant to signify a big moment for environmental, social and governance investing.
Woolworths sales should be regarded as more durable to a changing economic environment, while the big grocer also has higher returns on invested capital and a negative working capital advantage . And without having to allocate anything to those businesses, the spin-off was an opportunity for Woolies executives to boost the performance measures they are judged on, and look good doing it.
The army of one-arm bandits now has a chance to flourish under new ownership that isn’t shy about investing in gaming. The earnings margins are 85 per cent for gaming, and negative 17 per cent for non-gaming translating into 24 per cent overall margins of the division.
JULIANASSANGE 'ONLY A CRIMINAL WANTS TO HIDE THEIR CRIMES AND SEEKS VENGEANCE ON THOSE THAT EXPOSE THEM. AND REVEALING WAR CRIMES IS NOT A CRIME, UNLESS OF COURSE YOU ARE A CRIMINAL OR AGREE WITH CRIMINALS.' Michael Moore.
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Source: FinancialReview - 🏆 2. / 90 Read more »