The message delivered at Woolworths' annual meeting last week was that management is now confronting its problems. The first-quarter numbers for the 2017 financial year indicate the group is beginning to turn around.
But don't get inspired yet: Woolies is taking the first steps on a long journey. To this investor, it looks too late to sell the shares, but too early to buy.
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Trevor Sykes writes on Business specialising in Mining, Energy, Shares. Trevor applies his acerbic wit to Australian business as Pierpont.
