Dave, I have a small position, I increased it slightly last week after attending the annual meeting. Got a pretty good feeling from them that everything look rosy, they expect to do better than their 0.14 last year, and good chance for a TSE listing. I still have not been to one of their stores (1 only 3KM from me), but before increasing my positon I would want to check out their outlets,,,,, My only concern is the rapid expansion(always major challenges), however they seem to be handling it very well, but it is not easy...JMHO..
Scott
Let me know if you have been to any of their stores and your thoughts?
Some positives are
1. My feeling that 1 or more of the chains(Eatons,Bay) may get out of appliances.
2. They indicated that they have been pushing warranties more(high margin)
3. They have been getting into servicing, and recently awarded the service rights for(think it was moffet or the one that never breaks) but don't have my notes here.. |
