It is becoming increasingly difficult to argue with your bleak commentary. No matter how enthusiastic and positive sounding the CEO might be, the results simply do not reflect the rhetoric.
Does anyone know more about the "shuffling of chairs" - i.e. what to make of or how to interpret Michael Hardwick relinquishing the co-chair position?
The Cotton-On owners must have better use for their capital than having it tied up indefinitely in an under performing business like SFH. Either they step in and fix things or they cut their losses and get out.
Surely, something has to give...
PP
PS: the only reason for retaining my "Buy" sentiment is on the basis of that fact - i.e. that something has to give
SFH Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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