In the entertainment sector, a "triple threat" is a performer who can dance, sing and act at a high level.
On the ASX, perhaps the equivalent of such an all-star would be a stock that has growth potential, produces dividends and is decent value all at once.
There's no way that exists, I hear you say.
I have one suggestion:
The ASX share that can dance, sing and act
Wesfarmers Ltd (ASX: WES) can be considered a true conglomerate, which is rare in Australia.
The Western Australian giant has varied interests in retail, mining, chemistry, industrial products and safety equipment.
Is it a triple threat though?
Wesfarmers shares currently pay out a 4% dividend yield that's fully franked. So yes, it is a dividend stock.
The company is growing both its revenue and profit. In just over five years since April 2018, the share price has rocketed nearly 60%. Tick, it has shown it can grow.
Is it a value stock? Wesfarmers shares are currently trading about 20% below where they were at Christmas 2021.
Great, we have a trifecta!
That's great, but should you buy the stock? What are its prospects from here onwards?
Is Wesfarmers a buy right now?
The Motley Fool equity analyst Darius Zarghami is a fan of Wesfarmers, especially with its nascent health business.
The company showed how serious it is with its proposed acquisition of fellow ASX company Silk Laser Australia Ltd (ASX: SLA) and privately owned medical service InstantScripts.
"We're excited by the growth possibilities from this division in the coming years."
The venture into new territory, for Zarghami, shows Wesfarmers' entrepreneurial streak despite its massive $54 billion market capitalisation.
"In Wesfarmers we've found a mature and stable company that continues to find new industries and verticals in which to achieve strong top and bottom line growth."
The analysts at Morgans have also named Wesfarmers as a buy for this month.
"Morgans believes it could be well-placed to continue its solid performance in the near term thanks to its focus on value," reported The Motley Fool's James Mickleboro.
UBS analyst Shaun Cousins this week told Australian Financial Review that Wesfarmers' budget retailers are the ideal shelter for investors looking to protect themselves against the looming economic slowdown.
"We see the consumer avoiding big-ticket items and trading down to lower priced items, so Kmart is a trade-down winner across a variety of apparel and general merchandise categories that it sells," he said.
"The opportunity in the longer term for Kmart is to get the consumer to shop more frequently and a broader range of categories."
