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The Morning Mail

EPISODE 274 - TONY WILSON



Nick Gordon is joined by Tony Wilson discussing the financial result of Wesfarmers. Evans and Partners downgraded the earnings numbers for Wesfarmers by 4% post the result. However, we remain positive of the stock and view the stock as core long term holding. The dividend for 2012 of 6.3% fully franked and 7% fully franked in 2013 should underpin the stock going forward. Our Wesfarmers valuation now stands at $33.25.