No company can operate in a vacuum - and maybe the markets and the industry got ruffled somewhat since 2017, didn't they? Wasn't there some sort of pandemic with significant impact on factory operations (OBOZ), shop opening hours (lock downs) and tourism?
OK - I agree that some rugtrader (HLG) did somewhat better during this time, but its a different market - and many others did bite the dust.
Lets see, where they manage to go after Covid with tourism on again.
Yep a lot has gone on over the last few years but many retailers seem to have come out of the troubled times better off …..Briscoes a great example
When KMD sales have increased from $446m in 2017 to $1.109m this year and profits about the same something is wrong
But that’s the past eh …and looking forward analysts etc are forecast profits over next 3 years so things are looking good ……share price might even double in that time …..hope springs eternal
Still can’t bring myself to buy some ….but that’s good for you guys eh as you reap the rewards while I miss out
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Yep a lot has gone on over the last few years but many retailers seem to have come out of the troubled times better off …..Briscoes a great example
When KMD sales have increased from $446m in 2017 to $1.109m this year and profits about the same something is wrong
But that’s the past eh …and looking forward analysts etc are forecast profits over next 3 years so things are looking good ……share price might even double in that time …..hope springs eternal
Still can’t bring myself to buy some ….but that’s good for you guys eh as you reap the rewards while I miss out
True ;
And yes, some other retailers did better. Don't think however that neither Briscoes nor Hallensteins have any material exposure to tourism. Kathmandu does.
Can you think about any other retailer with significant exposure to tourism, who did better than Kathmandu?
But absolutely - never buy a stock you are not sure about ... I wouldn't buy all the stocks you tend to rave about either ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
In the short term, our brands face challenges with geopolitical uncertainty, economic volatility, market competition, supply chain disruptions, and cost-of-living impacts on consumer spending. Our competitors are pricing aggressively to shift high levels of inventory and challenging our market share.
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Originally Posted by BlackPeter
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