Agreed. They are a very disciplined business. The decision to abandon plans to expand into Singapore and avoid lazy discounting, when for other retailers that is what drives their businesses at the expense of margin. I've personally dealt with their CEO Daniel Agostinelli in property related matters (and hundreds of other retailers), he would be one of the most astute retailers in Australia. Coupled with a highly credentialed Board. In a market where their product range in fashionable, active footwear will continue to grow. A good addition to any balanced portfolio in my opinion.
AX1 Price at posting:
$1.94 Sentiment: Hold Disclosure: Held
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