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It is a profit growth forecast downgrade of 50% ,not a profit...

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jacktalk

296 Posts.

49

03/08/17

13:47

Post #: 26267394
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Originally posted by mkwagner73 ↑

Profit downgrades in the retail space have become ubiquitous of late. I'd like to think that 5% is a worst case scenario figure. We'll see a drop tomorrow but when the annual report is released it will be slightly better and maybe we'll get a little bounce back up.

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It is a profit growth forecast downgrade of 50% ,not a profit downgrade of 50% as is kind of being represented here by some.

API Price at posting: $1.57 Sentiment: Buy Disclosure: Held
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