
Wesfarmers (ASX:WES) share price rises after $135 million InstantScripts deal
The Wesfarmers Ltd (ASX:WES) share price is up around 0.5% after the company announced a deal to buy InstantScripts for around $135 million.
Big money is not in the buying or selling, but in the waiting.
Charlie Munger
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Wesfarmers Ltd (ASX:WES) share price is up around 0.5% after the company announced a deal to buy InstantScripts for around $135 million.
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The Zip Co Ltd (ASX:ZIP) share price is higher after the buy now, pay later business announced its successful capital raising.
The Wesfarmers Ltd (ASX:WES) share price has fallen more than 7% over the past month. I think it’s a good time to invest in the ASX share.
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