TRS - a counter cyclical stock?

Hi All,

I was just wondering if anyone else here is interested in The Reject Shop due to its counter cyclical nature. Following the GFC it rose quite a bit and I could see the same occurring in our context - perhaps even more due to the higher level of unemployment likely to be announced. It’s undervalued and if this is likely to be the case then it might be a worthwhile purchase. I’m also curious about the large changes in the management area and similar, do you think these will have a positive impact?

Thanks in advance,
Sam