The market has written Ashley off. Big mistake, big opportunity...

The market has written Ashley off. Big mistake, big opportunity for turnaround investors.

How the Training businesses lost all that money is hard to fathom, Integracom in particular has been a disaster - they paid $40m for it. These businesses should be a license to print money at high margins.

They have flagged that they are trying to settle the IMF class action - hopefully they can for a reasonable sum, and enter 16-17 with a clean slate.

I reckon they could make $7-10m profit this year now every business is back in the black.

75c target price. Best potential 3-4 bagger in the market. Tightly held too.