Over the last few months, I've said it a couple times now...

Over the last few months, I've said it a couple times now on this forum - i reckon there is a turnaround in place going on. Nothing scientific about it and nothing to do with the new CEO, but just purely on my observation of foot traffic at a few of my local TRS stores in north east Melb.

I dont know why, but my hunch is that the country is in technical recession....and in such environments, low cost variety stores typically reap the benefits of consumers looking for better value.

And i fully agree with the direction the new CEO is proposing - to move TRS back to its old 'bread n butter'.

My tip is that a very good half year will be reported and i can see the SP heading back to $4+ in the short term. Time will tell.