I've been out of this stock for a while but have it flagged on my Commsec app. When I saw the recent announcement, it reminded me why I exited. They seem to be following the same strategy as the previous management during RFG's challenges with its franchisees and regulators. Back then, their approach was focused on increasing top-line revenue through constant acquisitions. This tactic was meant to mask the weaknesses of their existing brands and the lack of profitability.
I can't believe George, as chairman, would allow the new CEO, who lacks experience, to attempt this strategy again. I'm relieved I sold at 8.2 cents. I wish everyone good luck, and I don’t have any stakes in this anymore, but I wanted to share my thoughts for whatever they're worth. Please do your research carefully—last time they tried this, it didn’t end well.
RFG Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
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