Growth looking good, page-4

Page 26 of that presentation slipped in some information that I wasn't aware of. In the scheme of things it certainly looks positive, but a $10m hit to revenue, when expected cash flow was meant to be 20m... means that FY cash flow will struggle to be more than $10m
I am revising my expectations of cash flow positive growth to perhaps zero.
Hiding the 7.5% decrease in forecast EPS... while still arguing that year on year EPS is 46% higher is cheeky.
Its 46% higher year on year because they overpaid for an acquisition
Its 7.5% lower than forecast because they aren't delivering synergy benefits.
Arguing that they will continue to grow store numbers is cheeky.
I may be being too pessimistic, but this term "Retail Fleet Maturity" ... or basically telling us that only 25% of stores are profitable... and that new stores dont become contributors to growth for 6 years... and 75% of stores are less thatn 6 years old.
As I say... a very cheeky presentation.
I did like the cute use of LarGE NUmBeRS iN tHe tHiRd SlIdE DeSiGnED to CoNFUsE uS