It is a shame that the company would not reveal how much sales they will lost due to the Kmark decision, without knowing the full impact of Kmark issue, it is hard to see how much the impact on the bottomline.
The impact of the cotten price should not be material given the fact the rising aussie dollars shoudl be more than compensate the cost.
The real worry of this stock is still the poor trading conditions in Australia. Let's hope the reserve bank is doing the right thing in Melbourne cup day to cut interest rate.
PBG Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Not Held