BST discussion thread, page-45

Im in this morning

It seems obvious to me there is still an overhang of holders from float, which is pushing SP down.
A lack of support from insto's and analysts, probably because market cap is small enough that its just not on their radar, and if it was they probably want to see more 'runs on the board' before providing their analysis.
The drop in online sales was a bit of a concern initially, but its probably not the product that people would buy online if they had any choice.
No debt.
25% discount to float price from 18 months ago.
Value stores should gain an advantage over higher priced competitors with consumers spending tightening.
Absent bad news earnings will have to pull SP back up in time.

At this price, i consider i am paying for some bad news, but cant see anything worthy of such discount, and earnings multiple is just too good to look away from for me, so im in at about 7% of my holdings.