I'm a bit dissapointed. Didn't expect the drop in revenue given the strong demand for little dove. Hopefully what they are saying is true and they are infact getting inventory ready for a busy summer. Id expect the majority of the lift in sales by other retailers to be more reflected in the December quarterly. Short term I am mot sure what to make of it but I still feel this is a good mid to long play.
Their play to feature at a lot of events is also a good move. They were recently at the beauvine festival here in Perth and by reports the dove was flying out so to speak.
Would love to hear some others thoughts on the qtrly.
GRB Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held