Are Wesfarmers shares a good long-term buy?
==========
Wesfarmers Ltd (ASX: WES) share price has been a solid performer, up more than 14% in the past six months. The company owns well-known brands including Bunnings, Kmart, Officeworks, Target, Catch, and Priceline. Wesfarmers recently made acquisitions in the healthcare sector with deals to buy Silk Laser Australia. The company's strength and diversity of businesses, including market leaders like Bunnings, Kmart, and Officeworks, make it a star ASX blue-chip stock. Wesfarmers has impressive financials, with a return on equity (ROE) of 31.4% and a return on capital (ROC) of 65.4% for Bunnings in FY23. The company's ability to find opportunities in various industries and its profitability make it a good long-term buy.
#Wesfarmers #Asx #Blue-chipStock #Bunnings #Kmart #Officeworks #SilkLaserAustralia #ReturnOnEquity #ReturnOnCapital
https://www.fool.com.au/2024/02/12/are-wesfarmers-shares-a-good-long-term-buy/