Retail wars: Wesfarmers readies for battle

Wesfarmers is proceeding full bore on the Woolworths catch-up … but there’s a long way to go.

During the week Wesfarmers’ market capitalisation passed $40 billion. The stock, at around $39.50, is now priced at about 20 times its expected earnings for 2012-13 of around the $1.95-$2 a share mark.


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