Im going to go out on a limb and say there is going to be some sort of positive announcement.........still an ok company long term I think, retail is just a very tough industry, margins are tight, high expenses/competition,ect,ect,ect.
For this reason i dont tend to usually buy retail stock, but thought I would take a punt picking few shares up few days ago. (With the spec percentage of my total portfolio)
I feel sorry for people who have big losses, as I feel shareholders have been mislead, ill informed, ect,ect,ect.
......................hopefully we see some clear direction as I would probs hold these for the long term as I believe they are a decent retail company and are differentiated in the market and can make a come back.
I might even buy some clothes off them with hopefully my profits, if there lucky!
SRF Price at posting:
40.5¢ Sentiment: Sell Disclosure: Not Held