according to the latest results from FY 2015, Masters are actually increasing same store sales volume quite dramatically, not only at their new format stores, but the original format ones as well.
this sort of raises a few questions about profitability or in other words- earnings, which are linked.
it seems that they are losing the actual profit on sales volume, which is very robust, to cost of business factors.
either, they can't negotiate will suppliers favorably, as Bunnings seems to, or they are just inefficient at hardware in general, as it is a new ballgame to them.
that said, i really do not think that management have "listened' to the concerned shareholder. we have all said that the range of products is akin to a Harvey Norman store.
i just wonder how much they are losing from the white goods section.
anyway, i am an optimist and that is why i topped up today, as i just have a gut feeling that Mr Right is about to rescue us.
cheers crazypunter
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