Sorry but you all need to read the balance sheet.
there isn't $200m of free cash. Most of it is consumed by the payables.
The tax assets are also misleading as they don't exist unless the business is profitable.
Retail is seasonal and that was their good half. The balance sheet is horrible before the bad half of the year.
Any DCF needs to use a negative growth number. This negative growth is why the lease liabilities are an issue.
This company is hanging on with a hope and a prayer. Any analysis of the financial statements will show this.
cashbox with a business thrown in for (almost) free, page-18
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82.5¢ |
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Mkt cap ! $686.2M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 84.0¢ | 79.0¢ | $1.555M | 1.891M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20169 | 81.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 70001 | 4 |
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