On wool carpets as well as synthetic? Perhaps Godfrey has already eaten CAV's synthetic lunch.
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Hirst been killing Cavalier for years and made massive share gains
Obviously Mohawk won’t be Cavaliers white knight now ......still dying a slow death I reckon ...but hope springs eternalu
Cav looks not dead yet. Still floundering
Actually profitable. So can anyone guess full year profit numbers ?
Good thing is reduced debt by 7m
Yep still a way to go, but to reduce debt by $7m and reduce inventory by $5m is to me a win win. Moving inventory over to reduce debt. That is what they needed to do and so far so good. Way to go yet but if the 2nd half is like the first s/h's can start breathing a bit easier.
It's hard to be positive about manufacturing in NZ, given our relative costs, distance from markets and small scale - unless it comes with a particular, niche quality. CAV must be one of the few wool carpet manufactuters around these days but do their products have that niche quality?