News: TRS Reject Shop says expects to report net operating loss in 2HY of at least $5 million, page-8

Reject Shop Ltd (ASX: REA)
A discount retailer that most readers will be familiar with, Reject Shop ‘parallel imports’ identical items (e.g. Colgate toothpaste) from overseas markets where they are cheaper (e.g. the Philippines) and sells them locally for a profit. The market doesn’t seem quite sure what to make of the business, with the share price fluctuating between catatonically depressed at $6 in 2015 and wildly optimistic at $14 last year.
Speaking for myself I think Reject Shop is starting to look cheap (it pays a 5.4% dividend), but I would get interested below $6.50.
Source Motley Idiot 7/4/17