Elders down buying time, page-78

Forgive me for another post- on a stock that I do not hold- with a SP in free fall. Open to accusations of down ramping here.

But genuinely interested in the stock and sector.

There are 228 branches across this wide brown land- 46 in WA. I just did some browsing- looked at several locations in an area that I am reasonably familiar with. There appear to be, from my small sample looked at, a number of agencies in some pretty marginal areas- that boast some 100 years of service. The sorts of places that the banks left years ago.

Do Elders need to be ruthless in choosing locations? Like the banks etc. Or, could I be under estimating that one smallish branch miles from buggery could command clients from quite a catchment?

And the levels of current debtors and creditors- obviously high turnovers across the year. But high short term debt and low long term debt- that must have them exposed to the cycle?

Be gentle if I appear to be speaking out of my proverbial.

IMHO DYOR