"Coles is also a disaster as a spinoff, the date of which is...

"Coles is also a disaster as a spinoff, the date of which is still some time down the track. and the way Coles is losing business to Woolies and Aldi and IGA, it is anyone's guess how bad this could be and how low the market cap will be at the IPO."


This, from someone who was declaring boldly a few weeks back that WES's stock price was heading to $39 (cum-dividend) (i.e., under $38 on an ex-dividend basis).

See: https://hotcopper.com.au/posts/31004707/single

Even against the backdrop of equity markets tanking, it is still some 10% higher than that flawed prediction.

(Very much like the similarly flawed predictions of the impending demise of Reece and Caltex at the mercy of their respective competitors)