GXL investment thesis, page-52

Personally, I'm waiting for it to hit 4.5 if I was going to top up based on the risk:reward.

The future of GXL is still questionable, especially on the retail side. I don't think they have a good enough business model to be in #1 or a solid #2. 80% of all sales will come from #1 or #2 like how the US pet market is right now.

Will GXL be one of the companies taking 80% of sales or the 20% picking up the scraps?