Mdawg, I was writing a reply to you, and when I posted, they have already closed the thread.
So please dont take it that I am ignoring your previous question. In summary, I think you should look out for lease liabilities in the notes, reconcilling the finance interest/deposit interest/dividends between the FY, HY and two 4Cs in between, plus look at COGS per store. If they pay a dividend of more than $5m and pay it within a month, then my bear hypothesis has a very low probability of being real.
As a matter of interest, how many other menswear chains did you see when you are in China?
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