New Premier Letter, page-12

Correct. Dont get me wrong, I am not trying to be a smart a*** like all other non holders, now telling everyone what to do. I used to own myr between 82-75 but escaped with small loss. DSH had 1.6bil revenue and went down unexpectedly. I d love to see them turn around at some point. But as you said the current management has done absolutely nothing to trigger direction change.

I think they have to cancel divvy to bring acid test back to 1.0. Otherwise the bank convenants might be breached. The have to take defensive position now. Cancel divvy, do majority of goodwill impairment, close worst store, look at brands, products profitability, look everywhere for cost saving, scale down a bit. Better to have 2 bil revenue with 75 mil npat then 2.8bil sales with barely breaking even. The last hope is still strong operating cash flow. They have to use it smartly now.