Originally Posted by
Traderx
$1.09 sp ~$375m market cap. ~$3B of continuing sales. Little to no debt. Might be able to make $50m after tax in near term and pay out most of it? Is all the bad news fully priced in now or do people think is ultimately a doomed business? Seeming like it is priced by market with a moderate chance of failure?
I would love to see a new CEO appointed on a back to retailing basics agenda, could start with improving the lighting in stores get away from horrible cold/blue lights, and with cleaning up the shoddy entrances - currently generally untidy with rubbish around and air of neglect. Then focus on mechandising, stock turn and sharpening up the loyalty scheme offer.
Disc - no holding