A drop in dollar means a higher selling price per unit as there...

A drop in dollar means a higher selling price per unit as there are no local manufacturers in technology. Shouldn't effect them, it should be a positive, they also are slightly overstocked so it will take a while to impact their figures regardless.

They finished a large expenditure on their online platform which should produce results.

If 'appliances online' is any guide (Winnings), then there is good upside in this area.

From what I can determine it's trading at less than 8X enterprise value to EBITDA, in this market with low interest rates, it seems very attractive to me. Unlisted companies are starting to demand these valuations.

From my analysis the youth retail market is strong, kids are staying at home longer and have more disposable income. Hence the growth in JBs. Dick Smith is an older brand - it also possibly has some provisions up its sleeve from the acquisition accounting as they paid a low price so it gives them a lot of room to move when creating their opening provisions. Watching Dick Smith's cash will tell the story.

So in my opinion the JBH price is very low for a solid performer who has consistently got it right? Its price dropped 4% today, I don't understand it, the accounts showed solid growth with a whole new category to come. If JB get it right in housewares, then Harvey Norman and The Good Guys may be impacted, will be interesting to see who comes out on top.