Wesfarmer’s (WES) May 2020 market update saw a 20% increase in revenue that was helped buy COVID-19 government restrictions. Australians flocked to Officeworks for work-from-home purchased and Bunnings for DIY-catch-up at home.
Hugh Dive from Atlas Funds Management reviews the company through the Quality Filter Model and determines that WES is a a strong part of the portfolio, but not one to be bought at the current prices.