COMMENT: How Bad A Shape Is Dick Smith Really In?
One major retailer said “Even now it’s too late to get current and new model stock in time for the peak Xmas period, I suspect there is going to be a lot of old stock on their shelves running into Xmas”.
Some vendors have complained of late payments with questions
One major vendor was asked to invest $1.6M upfront, another
Three weeks ago Neil Merola Marketing Manager at Dick Smith
Yesterday Dick Smith shocked the market today after
Today their share value fell a further 4.6% as investors dumped the retailers stock.
Financial Services Company Motley Fool said that when using
The big downgrade is a blow to the credibility of management
It was just over two months ago that the company issued
Motley Fool now raises the question as to whether Dick Smith
Prior to listing in late 2013, Dick Smith was part owned by
At today’s knocked-down price of 92 cents Dick Smith is
The market appears to think not given it’s now valuing the
Assuming Dick Smith meets the bottom end of its new guidance
The business also now offers a huge trailing yield around
However, turnarounds seldom turn and the fact that margins
The business is likely feeling competitive heat from rivals