Carpetright would make a long-term investment if management successfully turnaround the business. The performance to date has suggested it made some positive progress. They are: 1. Reducing debt to record lows of £10m from a peak £110m in 2009. 2. Management expects profits before tax of between £13.9m to £18.5m this year. 3. Now, the business operates with 570 stores, which is 130 less a decade ago, but it manages to earn a profit.
Looking at the long-term chart, Carpetright has been a whipping dog for the market and bad for the current shareholder with the shares trending lower since the financial crisis (although they made a quick recovery in 2009/10, but quickly assume their downwards trend).
But recently, the company is turning its life around when it return to profit and the elimination of debt.
Positive recent business update and the sp is bouncing back a little. Some results due I think towards the end of April from memory and expectations are more positive. Can see this steadily climbing North and back around 300-315 by the summer hopefully.
If you think carpetright is good then you obviously haven't been to Dreams the bed specialist. 50% off on selected lines, 3 for 2 on bedroom furniture, further reductions currently live and Free delivery on all orders over a £100. Beat that. I go to the Halifax store close to Bradford as the store manager is a legend but yeah carpetright could be a lot better!
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