Todays 10% drop is dissapointing....but i think its important to keep some persepective..
1) 1H was very tough across the board for all Retailers...but DJS still made $85M after tax...beating most analysts who were estimating around $80M
2) There is a defined growth path being proposed....of opening new stores, growing customer service interaction and increasing an electronic footprint
3) Management have a great track record in delivering goals they committ to.
4) DJS is still one of the most short sold stocks in the ASX
5) DJS has very low debt and it owns its CBD properties in Sydney & Melbourne ....two things that make it very attractive to a PE party....we know PE funds are trolling the retail sector for value....
6) Post the GFC.....DJS had one of the strongest bounce backs among all stocks!
I personally have tripled my DJS position today.....
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- time to keep some perspective~!
time to keep some perspective~!
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