DSH business in REAL TROUBLE. Yesterdays bounce was encouraging but there are big problems with the business.
Mark down stock by 60 million and then flog it to make the numbers look good? They're basically repeating the Anchorage formula this time at a fraction of the price.
Margins are razor thin, net profit margin is 3% including Apple products. ???
Rumour is a 70% off clearance this weekend. Run the numbers people.
Massive warning signs here - looks cheap but there is a reason.
Disclosure - I hold some free carry stock from close to the IPO so fortunately havent lost any money but its been sad to see the stock get vaporised from 2+ to what it is now. Unlike SGH I am staying away big time.
DSH Price at posting:
35.0¢ Sentiment: None Disclosure: Held
