You may be right, bull, but bear in mind that these profit downgrades are rather like cockroaches - they rarely travel alone!
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yea forgiving only once, i say a long time ago i wondered how good there inventory management system is ( or is it the buyers? ) as they always seem to have problems with stock issues
Just watching on the sidelines.. But one of the reasons the last few years have been more profitable is through minimal reinvestment into the business to make current profits look better but impact future profits.. They're paying for this now. They've spent quite a bit on store fitouts, rebranding, and stocking a higher quality product in the last couple years, the cost of which has yet to be recovered in profit growth.
I'm nervous about Torpedo7, and the finance arm myself
A lot has happened since 2007 eh Hoop
One could also overlay all the key strategic initiatives / acquistions etc and still its all down hill
Shareprice has essentially followed earnings (what a surprise) - EPS down 50% since 2007
Still on a PE of 16 odd (this year forecast earnings) ..... what will happen if it gets rerated down to 12 or less
James Pascoe Ltd takes 5% stake in WHS-the first ray of sunshine
I read it just over the 5% with on market pchs half million so possibly the balance SPP participation