Agree.......the market has to take a cold shower on many stocks...
Vita is not a wonderful business....but even in a tragic half year, it returned 14% on equity.....the owners control it and bought more not long ago for just under 20 cents....
Thankfully, they didn't pay a divi to reduce debt....and with minimal cap ex spend planned, free cash should go to debt and maybe a divi....
The market says this business is practically worthless......of no strategic value.......they are still the largest Telstra and Apple retailer in Australia...not exactly buying shares in the local corner store
I have no idea what its worth, but a small profit in the second half which is boosted by government stimulas.....and this baby is worth a lot more
Ann: Half Yearly Report , page-3
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