Our guest on the Morning Mail today is Evans and Partners Analyst Tony Wilson.
The level of consumer spending has been in the spotlight recently following interest rate increases, with many share prices in the retail sector being effected following this news. We discuss two of the larger exposures in the sector today – Woolworths Ltd and Wesfarmers Ltd.
Tony updates his view on both companies including the percentage of the businesses that are exposed to discretionary retail, the dividend yield at current prices and his valuation for both companies. Tony finishes by summarizing his current preference between the two.
