Yes, not a good report on YTD and much application of 'lipstick' doesn't make this piglet more attractive.
I have been sitting patiently waiting to see catalysts to buy CCX, but this management team need to perform. There are real concerns on stilted sales and the gross margin being off 4% is a real worry. Plus, they have some real work to meet their reduced inventory targets.
I will sit on my hands and see how the next 6 weeks of sales turns out.
Ann: AGM Chair and CEO Address, page-3
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