Interest rates need to come down a lot to even approach these...

Interest rates need to come down a lot to even approach these levels again.

DDR has also been a good div payer and we are closely inversely correlated to the RBA moves on rates.

Someone smarter than me might be able to graph the relationship.

Aside from slowing revenues and margins, other factors that have shocked the stock price have been the dividend payout debacle where the business broke from tradition and got ahead of itself, and then David Dicker treating his stock like an ATM.

Having said all that I don't expect much downside from here but the company now needs to deliver on recent M&A, product expansions, warehouse upgrades, and the expected IT refresh cycle that they are anchoring to.