Inventory write down is not cash burning.
DSH had sold stocks during last second half year and even if DSH lost money in that period,revenue from sales maybe is more than expenses excluding the costs of stocks sold in that period.
Assuming DSH bought new stocks of $67m for Christmas trading,where was money from sales for the costs of the stocks sold gone?
I do not think sales revenue of DSH was less than expenses excluding costs of stocks that are on the balance as debts payable or already paid,assuming DSH lost from trading.
DSH Price at posting:
35.5¢ Sentiment: Hold Disclosure: Not Held
