look at it go!, page-10

Flight11,

Nothing was guessed.

Yes, Domayne are under the same management - eventually - but product direction and marketing are different people.
That is why Domayne are reporting a big increase in furniture sales.
As for referring to their annuals for this - I'm a little closer to the facts than that.

Refering to a July weekend AFR
Fantastic Furniture - sales up 31%
David Jones - sales up 58%
JB Hi-Fi - sales up 44%
Harvey Norman - sales up 8%

That HUGE 8% includes Domayne - which is much higher.
It also includes electrical - which is their best performing section.
NOW GUESS HOW MUCH FURNITURE THEY'RE SELLING


Gerry WAS a survivor - now he is sitting on top and raking it in with property rentals. He has taken his eye off store performance and it is showing up big time.
Without electrical - they would be toast.
Their furniture performance - other than some imports - is faltering.
The rest - doesn't matter a hoot.

Their current model is creaming off the top of a market reputation that used to be creditable but is rapidly dwindling. They can't compete with importers AND that is all Harveys are good at.

It will show in their eoy - but their profit will be supported by other earnings.
I would also be very worried about how much is bleeding OS.

Lastly,
Gerry complaining about people shorting.
I hadn't heard that he actually would say something that foolish.
THE SHORTING WON'T WORK IF HIS COMPANY PERFORMS.
So, put that on wall and read it - rather than talk garbage about simple stock market mechanics.

I would say best of luck - but luck has nothing to do with this.