had a look at the accounts - not good at all, page-18

re: good-bye mrl Millers being primarily a retail business wouldn't have too many accounts recievable I would have thought as its basically a cash business. Does it indulge in wholesaling?

When it makes a sale it gets spondooly, eftpos or credit card credits.

The other hidden is how well its dealing with currency issues given its goods generallly aren't Aussie made I'm guessing. Nothing like a huge currency loss to get the heart racing.

Then the question is - are its margins covering its operating costs, interest liabilities etc etc.

At best looks like the market has found out the dividend is going walkies.....