All going to plan here. I've called this to perfection and we've not fully started sinking yet. Always look to short stocks where the growth comes from acquisitions. Here we have the classic unincentivized management trying to grow but not organically and no doubt bonuses are cleverly concealed via 'turnover' and not 'profit'. 80c is my minimum target here though I'm now expecting sub 50c with all the headwinds. The only blip would be a takeover from overseas but that's highly unlikely. Appears to be a lot more chiefs than Indians as well with this entity. A great defensive position going short here.
Strong SELL
Enjoy!
PRN Price at posting:
94.0¢ Sentiment: Sell Disclosure: Not Held
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