I tend to invest like many others in stocks we understand and like. I do like EDV and think that medium term to long term they will be fine.
They are a big business and many within have great experience. Looking at a business as a manager or executive employee is very different to looking at a business as a shareholder or just someone interested. Well before now I started to notice bottles with a lot of dust, very slow moving stock. They also cellar a good amount of wine. They have a lot of product that I have never heard of, sure I don't know all spirits and obscure labels and styles but they hold these slow moving SKU's in almost every store.
No doubt a focus on sharing these around the stores and having a focus on clearing and reducing these lines has got to be a focus. There must be 10's of millions in this stock that could reduce debt within months.
Someone smarter than me calculated that it costs retailers between 1-2 % to hold stock after the account is due each month there after.
Retailers make money by turning over stock as often as they can.
The best thing they do is the private label products and the ownership of many vineyards and wine brands, these produce margin.
I still like EDV but they have room for improvement in retail. I do not have the same understanding of there hotels business and would like to hear others thoughts.
- Forums
- ASX - By Stock
- EDV
- Retail - all about stock turns, get back to the basics.
Retail - all about stock turns, get back to the basics.
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EDV (ASX) to my watchlist
|
|||||
Last
$5.20 |
Change
0.050(0.97%) |
Mkt cap ! $9.313B |
Open | High | Low | Value | Volume |
$5.22 | $5.26 | $5.15 | $40.86M | 7.880M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 963 | $5.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.20 | 37760 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 963 | 5.190 |
1 | 15919 | 5.170 |
12 | 38076 | 5.160 |
24 | 129889 | 5.150 |
8 | 90776 | 5.140 |
Price($) | Vol. | No. |
---|---|---|
5.200 | 37760 | 5 |
5.210 | 66940 | 2 |
5.220 | 33821 | 2 |
5.230 | 47458 | 3 |
5.250 | 527 | 1 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
EDV (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online