I really do not like seeing Shareholders suffer that includes me. What have we done at MCP to try to recover the position we are now in and have been for a while. I really don't like to see dividends fall.
Let's see guys have you analysed the products within each product range/group, to see which are contributing and those that are not. Without dumping the baby out with the bath water could I suggest, that non contributing products are rationalised out or at least reviewed. We should be past attaching $20 notes to items going out of the warehouse on non performers. We are after profits here not a massive non contributing product range, which takes time and effort to manage, often leading to loss of sight as to where we are headed.
My bet is : If you did an analysis of each product range/ group you would find a reasonably small number are major contributors, whilst others are mediocre and even non profitable at the tail, which can often be very long. It's called Pareto's Law.
If that has not been done could I suggest it would be a good start. If it has been done I will try a few other avenues for your consideration.
MCP Price at posting:
41.0¢ Sentiment: None Disclosure: Held
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