Last annual report shows liquid ratio at having only 76c of assets for every $1 of liabilities. Other assets are mostly stock (that has already had a write down and intangibe assets (that also has had a write down). Declining sales and margins. No bank will want to touch a company like this and that is why it is now being funded by John.
On top of this major retailers such as JB Hifi are now stocking vacuum cleaners plus of course the arrival of Amazon. From memory in the net year or two their agency with Hoover is also up for renewal.
I lost a ton on GFY and like others bought more on the way down. Sorry but I think its pretty much terminal now.
GFY Price at posting:
40.5¢ Sentiment: Sell Disclosure: Not Held
