Consider their huge ongoing lease commitments.They are liabilities.
Mall rentals are savage.Only way out is at renewal, or at the end of the lease.
So huge liabilties to be funded from a broken business model.?
Stock valuations .Take extreme care. Depends on a lot of variables.
When a business is under pressure, stock loses value very quickly.
Fixtures and fiitings become near worthless.
Their performance actually has improved. The Q4 same store sales up 0.1%, reverse the last three quarters downward trend.
Originally Posted by percy
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