I bought in the for long term knowing that it has short term issues. In the long term with the right management, I fail to see how the business can't succeed particularly given that ALL the other home entertainment/electronics retailers are making a bundle.
Perhaps they need to stop opening so many stores, focus on the ones they do have through re-branding and cost reductions (maybe close down some stores?) and importantly, really focus on their online business. Opening more stores isn't really consistent with moving more towards online.
I have full confidence that with the right leadership, $2 is easily achievable within a short period of time and we'll all be laughing.
Hands up who thought Qantas would be another Ansett only a while ago? But with the right management, look at where it is now.
I hope for all of our sake that recent media report Nick's getting the sack is on target.
http://www.smh.com.au/business/reta...mbattled-ceo-nick-abboud-20151202-gld7sq.html
Just go mate, it's probably better for the shares you recently purchased before your announcements killed your own money.
