Very few times on the asx u get a stock like this : -
Diversified company. They could break it up into 5 small companis and sell em or just get rid of domestic ops.
EPS .45 and dps .3 fully franked on a $2.99.
Dividend due in 3 mnths.
Extremely shorted and XMAS time shorts go off on holidays.
XMAS time retaile does well.
Last retail news 4 % up in aus.
So dyor. But if u buy say 10k at 2.99 then 10k at 2.89 and so on . U just cant go wrong.
We are not talking abt the whole operation going bankrupt by xnas I hope ?
Else 6 % fy 18 forecast and sales increasing over last 18 weeks is all a hoax.
Shorting should be banned.
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