One of ASX`s better retailer given up for dead. Which might happen now that the barbarian holds 19%, old CEO ousted & clouds hangs over Southern Land.
DESCRIPTIONThe Reject Shop [TRS.ASX] FY: 2013 to 2018
Selling at around $2.10 per share. With 29.24M shares outstanding that`s a $61M asking price for a retailer with ~$800M in annual revenues.
TRS produces some $25m net operating cash per year over the past 6 years; some $33m NOC past 3 years.
Free cash flow to the firm averaging $46m per year over the past 5 years.
I hold. In process of loading up [averaging down?]... unless you are kind enough to tell me I am nuts.
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