Don't discount a takeover for Woolworths

With Woolworths (ASX: WOW) reporting its 2015 results last Friday, the company continues to make news. Unfortunately it’s the wrong kind of news.A poor 2014 Christmas, lagging sales growth and losses blowing out at home improvement start-up Masters have been followed by the resignation of chief executive Grant O’Brien. A few weeks ago the head of the struggling Big W chain left after a staff complaint, then on Friday chairman Ralph Waters announced he was stepping down.Woolworths is effectively rudderless. There is little doubt that the new chief executive – when he or she is appointed – will come in...

With Woolworths (ASX: WOW) reporting its 2015 results last Friday, the company continues to make news. Unfortunately it’s the wrong kind of news.

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