Hey @crazypunter do you know the actual amount for lease fees...

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Eaglebird

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26/04/17

22:57

Post #: 24285147
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Originally posted by crazypunter ↑

TRS could go bankrupt.

TRS actually has a huge amount of debt- their lease fees due end of year, and ongoing lease contracts that expire well after year's end.

the only way they can pay it is by borrowing copious amounts, as their stores are running at a huge loss. but their poor business model means that their credit rating is shot and they have to pay a premium for credit.

they also have a new DC that is basically a white elephant in the current financial crisis and are now up against a reinvigorated Kmart competing on the same "basics" at lower prices.

the CEO says that divvies will be axed.

maybe the remuneration of the CEO and management should be on the chopping block.

after that, the CEO should fall on his sword, admit that he is totally incompetent, tender his resignation and reimburse all TRS holders from his lucrative salary package.

cheers crazypunter

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Hey @crazypunter do you know the actual amount for lease fees this year?
Why wouldn't it be listed in their last balance sheet, or have I missed something very basic?

TRS Price at posting: $4.26 Sentiment: None Disclosure: Not Held
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