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NEEDS FIXING: Woolworths’ attempt to compete in the hardware business has cost the group billions of dollars. Photo: Attila Csaszar

Aim low on price for long-term

Now the boom is over, keeping costs low and margins tight is necessary for survival.

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Perth
A good sentiment but unfortunately one that does not appear to apply to the general Australian economy. Although the"boom' is over prices continue to rise in almost all sectors from government, services, health care and general daily living expenses. The fortunes enjoyed from the short lived mining boom were poorly handled and only enjoyed by few the consequences for the majority however refleced in higer costs and expenses to the point that Australia is now one of the most expensive countries in the world.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
263rdRio Tinto12%-1%
362ndWestpac-2%13%
377thTelstra-4%21%
387thCommonwealth Bank-7%14%
476thWoolworths-19%-1%
736 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
3rd↓Rio Tinto$49,225.3m
4th-Commonwealth Bank$27,005.0m
5th-Telstra$26,607.0m
6th↑Westpac$21,642.0m
78 listed non wa companies ranked by revenue.
Source: Morningstar

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