Macro stuff like Amazon how nothing to do with this. This is not a traditional retailer but in saying that look at the lease commitments, trade payables, staffing costs... I just can't see how this gets valued at anywhere near current levels.
This will continue to burn through cash and my hunch is that they will over-raise in acquisitions to fund the deficit. I also don't get why management of a small retail operation are paid this highly in cash, says something really...
AU8 Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
