Woolies Sold DSE For $20m, Is Now Worth $520m

Eli Greenblat at The Age:

It could be the worst deal Woolworths has done in 20 years, and will leave its shareholders staring down the barrel of hundreds of millions of dollars in forgone profits.

What’s surprising to me is that Dick Smith will have a market cap of $520m in a few weeks. Woolworths totally screwed up running DSE, didn’t they?

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