dont agree. Dick Smith expanded and just burned cash without any sustainable plan.
One of the biggest killers of business is over expansion and resulting cash drain. Slow and steady weins the race in traditional business in my opinion.
Woolies seems to have put in a very solid base at A$22, so I feel we are near the lows here and just have to wait for some improvement in sentiment towards the co. Not for the impatient perhaps...
Any Reason For The Drop ?, page-60
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