This company has very high operating leverage.
if a 2.4% fall in y.o.y growth can cause profit to fall from 17.7m to 11m in 6 months, then another round of negative growth will see that profit totally disappear. What's worse is the negative momentum, with the last 8 weeks going at -3.9%.
This company has very high operating leverage.if a 2.4% fall in...
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