wow, was that article Beagle linked to written by Sylvester Cat. Awesome, well done , great article.
It does confirm the headwinds that the sector faces are likely permanent and the ongoing risk TWG faces is whether they can adapt or not so the bet is really whether management can keep up with that, and keep costs down.
There is good support under $2 of course so barring end of the world stuff there is little downside. Still worried about the real bite of the downturn though, and I have a couple of retail stocks already, so a bit meh about the whorehouse as I call it, for my portfolio.