The opportunity has passed for any corporate activity. The register now is reasonably tight with friendly shareholders. You need to consider cash balance and inventory blowout against drop in same store sales and significant loss of high margin business to Dyson.
The business model is broken. There was an opportunity to reposition the business to include commercial cleaning supply ($500 mill plus market- ripe for consolidation! )
Current cash flow doesn't provide headroom to execute. Close to triggering banking covenants also.
Risk reward is poor now.
Hope I am wrong for shareholders sake.
GFY Price at posting:
$1.02 Sentiment: Sell Disclosure: Not Held
