I don't think exchange rate is much of an issue. As per "noobtwd" post it shows a clear trend with sales growing steadily but profitability remaining constant.
The business is still very profitable but fixed costs appear to be growing more than the rate of increase in sales. This could be an issue further down the track when revenue isn't able to grow much more. Having said that as it stands, the Balance is pristine, it pretty hard to find any other retailers which have no debt and in net cash position generating good cashflow at a low P/E ratio.
It certainly cheap as it stands but to suggest maybe one day the share price will rise again to $10 is probably too much of an ask now.
I don't think exchange rate is much of an issue. As per...
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