Sale of Storm business, good move, prune off the dead wood. What a contrast to certain other NZ retailers who love storing dead wood.
Agreed. Reviewing last year's annual report it is clear they have been struggling with Storm for a while now. Concentrate on what is positive and eliminate the negative. As you say mate, its a heathy thing to prune the dead wood.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Agree. Focus on Hallensteins and Glassons in NZ and Australia. They will get a little bit of cash from this sale, I think book value is about $2m. May be just enough to support a 23-25c divie coming up !!
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