Ann: Chief Executive Officer Appointment - Andre Reich, page-9

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davmarc

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19/12/19

00:06

Post #: 42040813
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Originally posted by samson: ↑

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.

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I have also been observing foot traffic in my local store and can report that it seems to be improving markedly. I suspect the new CEO will want to close unprofitable stores and relinquish leases and that will go along way to restoring profitability in my opinion.

TRS Price at posting: $2.86 Sentiment: Buy Disclosure: Held
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Ann: Chief Executive Officer Appointment - Andre Reich, page-9

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