I am thinking it may go sub $2 on Monday.
The fact that their footprint in relation to number of stores went up considerably but sales did not seems to be a sizable red flag for me at this juncture and I personally can't see myself paying above $2 at an inflated P/E for a stock that is not showing decent growth in profit. Also how sustainable are the dividends moving forward?
Will maybe buy some between $1.80 and $2 as I really need some better value here, before committing.
Have been a holder in the past and did make some decent money , so know given the right environment that the company can improve its growth outlook, but to highly priced ATM for the current potential.
Christopher
Ann: FY24 Full Year Investor Presentation, page-22
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$2.33 |
Change
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Mkt cap ! $1.318B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.30 | $2.227M | 956.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9744 | $2.31 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 10352 | 4 |
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