The difficulty faced by some in trying to gauge the potential earnings of TRS is that they compare them to other ASX companies that they assume are their equivalent.
TRS have a unique range of diversified products at the right quality and the right price.
Forget comparing them individually to Coles , Woolworths ( At Todays Close WOW is trading at a P/E of 13.93), Aldi , Metcash , Big W , Target , KMart , Price Line , Officeworks , Petshops , Newsagents , Giftshops , $2 dollar shops etc ( the list goes on ).
I believe the model they have works.
The store expansions etc will now result in improved earnings.
At Todays Close TRS is trading at a P/E of 8.5 ( FY14 )
When the positive news in the coming weeks/months reveals an improvement in sales , others will then see the uniqueness of TRS and the P/E will climb.
TRS Price at posting:
$6.35 Sentiment: Hold Disclosure: Held
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