Quote Originally Posted by winner69 View Post
Greencross shareprice continues to drift down ....hard to believe it was 10 bucks not that long ago.

Still make decent profits but market a bit worried about what Amazon might do to them ...even though an online outfit called Pet Circle is apparently putting a big dent in their retail sales.

Commentators say taking over Pet Circle is the answer but it would cost them heaps and probably eps dilutive. Way the share price is going might be a takeover target themselves again.

Still keepin an eye on
Just another company with too much elusive goodwill on their balance sheet. They did grow by acquisition and paid in my view ways too much for City Farmers, weighing now heavily on their balance sheet.

They harvested in their purchasing spree a long time ago all the low hanging fruit - everything they now can buy would only further dilute their EPS.

Sure - they look still cheap if projecting past growth rates into the future, but if we assume that any growth from here will only reduce the EPS - what are they really worth? The current PE of 13.7 is probably still a bit dear ... and that's not even taking amazon's arrival into account.

Discl: used to watch, but never got myself to buy into.