Wesfarmers at $46 looks attractive heading into the spin-off of Coles later next month.
Growth in the separated businesses will be limited, so once the spin-off is completed, investors can sell covered call options and strip-out the returns from the dividends and option premium.
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Note: WES released its scheme booklet as part of the Coles demerger. The vote is scheduled for November 15th with Coles to commence trading on November 21st.
Wesfarmers
