Yep looking really strong and bullish and with Auckland's weather changing literally every five minutes I am sure the stores are flat out selling winter clothes to those like me who are silly enough to have not stocked up the winter wardrobe already.
Yes a good story emerging for this company that seem to have found a nice sweet spot in the middle of the rag trade price range in much the same way Briscoes has with its products.
Extremely well managed.
Long track record of high dividends all fully imputed.
Brilliant stock management with over four times stock turn a year.
Good store locations
Fantastic gross profit margins
Efficiently stocked with excellent layout
Extremely robust and very clean and tidy balance sheet completely free of some other companies tendencies to inflate their balance sheet numbers with ridiculously high intangible assets / goodwill figures.
Circa 11% gross divvy yield even after the recent surge upwards
Add in a nice cold winter and you have a very compelling investment case.
The trend is your friend. If you already own why bother selling...just sit back and reap the rewards
The next earnings update should push it over and beyond, time to sit back and watch
yes expecting a big turn around - was in wellington store a while back, pretty cool atmosphere live dj playing heaps of people this was at 5.30pm was pretty impressive so was the staff member lol
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