Originally Posted by
percy
Well here is some fun for you.
1] CAV is a real business producing a real product,employing real NZders.
2] CAV have a valuable "brand" respected by retailers and customers alike.
3] There is still a market for woollen carpets.
4] The huge stockpile of carpet is an asset.
5]Once the business has been right-sized,debt brought under control,the value of the assets [ie manufacturing plant] will again be worth the current book value.
6] The business under wonderful new management,making real profits ,will make the market wake up to the "true value" of CAV.This rerating will see long term CAV shareholders being well rewarded,and the doomsayers proved wrong.
7] Then just when you think it can not get better,Mowhawk make a fantastic takeover offer.