Exactly what I've been saying, just conveyed a tad more eloquently...
this was a pump attempt. Funding $200m in payables and further $50m in debt will be impossible. But let's entertain the hype. 130 new stores mngt will avoid Westfields as they will screw them on rent, but anywhere else will get zero foot traffic. And spot on with inventory- they don't pay suppliers so even harder to convince others to defer payment. Another epic fail. Ezibuy is over. When U sack everyone, who's left to build that capability. Tech requires $$$, they don't have it.
bring on the financials. I'll tear them apart....!!
MOZ Price at posting:
27.5¢ Sentiment: Sell Disclosure: Not Held
mngt will avoid Westfields as they will screw them on rent, but anywhere else will get zero foot traffic. And spot on with inventory- they don't pay suppliers so even harder to convince others to defer payment. Another epic fail.
