Emerging value, momentum building, page-23

There was a $1bn takeover for Pacific Brands - even a $200m takeover of SFH would be 'cheap' in my opinion. This stock is severely undervalued - they've had 6 consecutive 6 month periods of same store growth. They have no debt, and are expanding well - particularly in the USA.

The average female size in the USA is 14, and is inching higher. I've gone through some Yelp and Facebook posts of City Chic, and from what I can see it's pretty popular. Personally I'd love to see some more aggression and expansion into midwest USA with perhaps even Millers. But I trust management knows what they are doing, and caution is always a good thing!

Very happy holding this stock, and happy to wait for that dividend for the share price to be above $1