Stealth Undervalued??, page-29

Arnold says Stealth Global extends across the end-to-end supply chain, covering business, trade, retail, service and the specialist wholesale sector, serving customers of all sizes from a broad collection of industries including commercial, mining, resources, industrial, government, transport, automotive, agriculture, building, construction, manufacturing, engineering, trade and retail consumers.“We have the most comprehensive product range, from tools to hardware to workwear to truck parts, in our markets,” Arnold says. “It’s safety, industrial, truck & automotive, and workplace consumable products, selling into highly diversified end-markets – that’s why we say, ‘every workplace.’“We want to transform the delivery of industrial MRO products and solutions in Australia as the market leader, and the company of choice for customers and suppliers. Our mission is to connect thousands of our products to customers of all types and sizes in every industry – to get our products and solutions into every workplace, every industry and every home.”
As an ex retailer the above statement worries me.The more stock items you stock the more capital you need to fund the stock.More room is also needed to store the stock.The old rule of thumb is 80% of your turnover comes from 20% of your stock, means to me this company is going to have very poor stock turns ,and will end up with a huge amount of dead stock taking up valuable space.