The market has been factoring in a deteriorating performance with a very low SP. Todays update confirms they have put the ship back on course. FY results will be about 25% below last year with the very major difference being last year they had $90m debt pre IPO, now they have about $10m cash and no debt.
A $60m market cap for a $21m EBITDA (there is no I for interest due) with a growing business represents a compelling buy IMO.
As of this winter they are entering into new business with Coles and Woolworths and suppling the entire range of infant/toddler apparel range for the toys r us chain in Japan - some 100 stores I believe.
Buy Time
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
