Yeah mate, these types of companies are a bit of my specialty...

Yeah mate, these types of companies are a bit of my specialty but I got to say, I have little idea what the market will do to cpr's shares in next 6 months.....there is absolutely no tolerence for discretionary retail...

As for CPR, I find it very, very interesting......I'd prefer they didn't pay a dividend at all in this climate....as their business has a lot to offer and could use the capital to stablalise....Still increasing profit although their use of debt is a concern....as is their current inventory carriage

They look to be doing quite well in the environment and their QLD acquisition is still yet to be gauged.....NSW is a mistake to me but it is very much an illustration of what a company can do if the situation gets terminal......exit NSW and hey presto, there's a substantial lift in profit...that illustrates hidden value...

NSW illustrates that management is very determined to 'own' the game of upmarket whitegood retail....their is some ego in tolerating such losses because smarter retailers open stores in prosperous areas and times......aggressive players open outlets in tough times