with cotton on director ash hardwick owning 10 % of sfh shares,and the market seems happy to sell down more at these low levels,theres every chance for cotton on to creep up and do a reverse takeover.this is some blurb about cotton on...the retail chain c/on began life humbly on a market stall in geelong just 17 years ago. the thriving company now has 400 stores and plans to expand and operate 2000 stores by 2016. the cotton on headquarters will always remain in where it started , in geelong.my thoughts are c/on mgt can do a better job than perlstein,who stuffed up the $2 shops,and seems to have got the major holders happy to sell out at these low prices by going into debt to expand sfh.were will this all end !!!sfh was $1.50 this time last year...anyone been talking to sfh mgt ? looks obvious the dividend will be cut back this half,, whats not so obvious to me is were this is leading for s/holders
SFH Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held