RE: Positive15 Jan 2019 11:08
Lots of rubbish gets written here, but Deb finds itself in the same position as some heavyweights - M&S and John Lewis are also struggling and this problem is retail wide along the high street.
Just think MA wanted to inject £40m into DEB a little over 6 weeks ago, which is the current market cap - just ask yourself why? For all his flaws he is a business savvy man and he probably wants to acquire units on the high street at these distressed levels.
Once he sells Newcastle United for the reported £400m he is seeking - where do you think that money will go?
As with all stocks there is a risk and reward, however I think at the current valuation Debenhams looks like a decent bet to weather the storm, cut the fat from the business, agree a CVA, continue trading and remain profitable going forward.