DID YOU NOT READ THIS - cost "savings" arent stopping the haemorrhage....!
Outlook
•SurfStitch Group experienced trading headwinds in the last few weeks of December and into January and February, similar to other retailers
•Accordingly, we are revising our underlying EBITDA loss forecast from the previous range of ($4.0m) –($5.0m) to an underlying EBITDA loss forecast range of ($5.0m) –($6.5m)
•Cost control initiatives have mitigated some of the impact of these difficult trading conditions and will continue to be carefully managed to deliver on underlying EBITDA closer to the lower end of the updated forecast range
dude - BUSINESS MODEL FAIL 101. TELL THAT TO DICKSMITH HOLDERS - SAME THING...ALL KICK THE CANB DOWN THE ROAD...ONCE ALL "SELLABLE" ASSETS ARE GONE....
THEY HAVE 1 YEAR MAX. I still don't see a growth story - they may even try to buy something again to rprovide more smoke n mirrors...
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