DSH - Dick Smith Electronics 60% sell off yesterday was not...

DSH - Dick Smith Electronics

60% sell off yesterday was not justified - the announcement was of a $60m asset impairment, inventory levels were too high and electronics become write downs quite quickly.

the ''slaughter and gordon'' effect spilled over to dick smith as mum and dads run away from 'bad eggs'.

DSH management are no good, but if Anchorage was willing to buy it a few years back off Woolies for $94m , clearly there is value at $60m Market cap. These private equity people always pay firesale prices.



for the record, S&G is sitting 2% lower than its IPO price while DSH is 84% lower


I don't think Dick Smith is worth $2, not even $1 - but at the moment (with the data and knowledge available to the market) its worth at least 45 cents.