disappointing7 Nov 2019 08:42
well, what a difference 4 months make!
happy I was out, had gotten a bit bored and moved small amount of money elsewhere, but had not expected such a dramatic fall, again, feel it is a bit overdone, not sure people really get this business so unclear how to value it hence sharp drops when news strikes. Christmas is the bread and butter here and I am sure it will be a good one, when times are tough people tend to spend more at Christmas believe it or not and discounters do very well, fill kids stockings with lots of cheap toys, games, gifts and books, so despite warning I expect that the next quarter they will do ok. Just unclear how well the SP will recover as many investors will be put completely off retail altogether.
Got to be a 10-20% bounce opportunity here though back to mid 50s, timescale more difficult to tell..............GLA