Sat 11 Sep 2010 4:44
Stocks in Brief | Update

Woolworths Limited

7 Mar 03 | Issue 122

This retail powerhouse managed an 18% lift in interim net profit to $349.6m. Sales jumped 11% to $14.1bn. Directors declared an interim dividend 18 cents (ex-date 27 Mar). The company also announced a buyback of around $500m, or 5% of the company's outstanding shares. This is a great company with fantastic management but it's too expensive for us. SELL and SWITCH to Coles Myer

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UPDATE
Price at review: $11.37
Most recent price: $28.90
Change since review: +154.18%