So we agree DW8 is currently a loss making logistics company.
I don't think comparisons to amazon is very realistic.
Instead of wasting your time trying to make yourself feel superior to get likes from your fellow believers may be you could think about how this company can get to profitability.
Surely the latest purchase of Partons wine group must at least raise some doubts
One of largest specialist wine and beverage logistics providers in Australia, 14 years old, revenues twice DW8 and yet you buy all this for just 5m
And after 14 years they dont make a profit.
After 14 years the founder only get a $250K job and unless he improves the business that is all he gets
This clearly a bad business or badly run. If its a bad business then that just tells you that DW8 have there work cut out and if it's badly run then the same person is still in charge
So what assets are DW8 getting 33 vehicles seems about it.
they also get customers and a related cost structure which is unprofitable. I dont see much value in that
and they get some leased warehouses. If they were freehold that would be something.
and they get 96 staff. All i see here is more expense as they will have redundancy payouts to get the business profitable
DW8 Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
(20min delay)