but the impairments were on property not stock or inventory. this has more to do with their leases.
in all seriousness what scares me with this company is their operating cost keep increasing,
whilst sales goes side ways. Looks at cost of goods sold vs last year. how do you generate less revenue with
a higher cost of goods sold. the likely hood of a turn around makes sense if sales were to suddenly turn around,
whilst operating costs jumped down. if operating cost keep increasing and sales go down,
then investors are not been very rational by paying today's price for tomorrows outcome. and even if sales
go up operating costs has to go down. if they match then what benefit goes to shareholder.
but i guess with low interest rates people just buy anything without thinking about it well.
invest as you please though.
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