I will be watching for any positive flow on effect to earnings to due to the demise of the Masters chain. Maybe the March half will surprise to the upside. Thoughts?
Someone might be able to provide further input but I think Sherwin Williams the paint gaint of America has been surprising on the upside for some time also. Apples v Oranges? Over the last 3 weeks I've made 2 rare trips out of the bush to Brisbane and Sydney and was amazed at the the amount of building (residential and commercial) going on. It might have been more, I dont know, but it is still a bloody lot.
Regarding debt, I do find comfort with the increasing debt level knowing that it is for the future growth of DLX for decades to come according to management. I would have a different view of debt levels if it was for another head scratching acquisition.
DLX Price at posting:
$6.86 Sentiment: Hold Disclosure: Held
