Will it survive any global credit crunch and or see the year out?
Appears like the feelers have been put out(in advance) judging by todays BS article to interested parties
not only for part but whole,wow things must be really desperate.
I'm not expecting any good news.
Its got some great brands,a great company with a long track record and has served its customers well over a long period.
A variety of different organisations might like some bolt on acquisitions to increase their market share.
I think their (MTS)business model without the right store locations and trying to go head to head with the THE BIG 4, Coles,Woolies,Costco and Aldi is not sustainable long term.
Margins on F & G are wafer thin.
Perhaps they should keep the more profitable parts of the business being liqour & auto and sell of the F& G? only then can they start rewarding stakeholders
LTS. DYOR.
MTS Price at posting:
$1.36 Sentiment: Sell Disclosure: Not Held
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