You guys are getting ahead of yourselves and need to take a chill pill.....
We will be lucky if these guys earn a profit of more than a token few million this year....although retail times are good, their business has been starved of working capital for quite a bit of time now.....
Other than that, why would the share price rise when management has declared they will raise capital.........does not demonstrate much faith in near term profitability....
All said, I think CPR could be a killer investment.....but it's no JBHIFI....their cost base is still a little too high but its a strong brand which will do reasonably well if mgment stays conservative and executes well...it will take time though
CPR Price at posting:
45.0¢ Sentiment: None Disclosure: Held
