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clock Created with Sketch. 25/01/23
13:25
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Originally posted by Stockwin:
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You make reasonable points but I would caution against too much pessimism. NCK has had a remarkably consistent growth in both revenue and profit for the past 10 years, albeit on increased debt which should be a priority to reduce. Whilst this certainly isnt a predictor of future behavior, we can at least say they have a track record of competent decisions and there is no reason yet to doubt the Plush acquisition. Inflation and rising interest rates dont necessarily correlate with reduced furniture sales. At least in the case of rising interest rates (as response to rising inflation), furniture sales in America increased as people turned to home renovation in preference to home upgrading/moving.
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thanks for taking the time to share this info and insights Stockwin.
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