I'm out. I got out before AGM though. The thought of this crumbling was weighing on me. Already took a huge loss. There is always an excuse with these guys. Mid priced retail clothing is generally an industry that's getting smashed. The estimate of $60m was before interest depreciation and abnormals. Thing is, there seems to be abnormals every year pulling results down. May be they're not so abnormal.
Anyway, reckon this money will get a better return in my offset account. Plus, I'm already sleeping better
BBG Price at posting:
$1.18 Sentiment: None Disclosure: Not Held
