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.
Ann: Intention to Make Takeover Bid, page-63
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$3.10 |
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Mkt cap ! $115.6M | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.12 | $3.09 | $80.67K | 26.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2201 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 259 | 2 |
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