Ann: Intention to Make Takeover Bid, page-63

Surely this business has many cost cutting options up it's sleeve to get EPS back up such as closing a few unprofitable stores and pay the lease break penalty.

Sure, but the management have articulated that that's not what they are doing; instead, the strategic focus is on more of the same, namely the ongoing roll-out of stores.


"....they are much better positioned than their high debt holding counterparts. "

The investment alternative on offer is not confined to TRS or other high-debt retailers.
It is TRS or the other 2,000-odd companies listed on the ASX (or cash, or fixed income securities)


I have zero faith and trust in the current TRS board.