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4 comment(s). Last comment by enigmatic ¯\_(ツ)_/¯ 2020-06-18 13:17
Posted by calvintaneng > 2020-06-18 12:56 | Report Abuse
Calvin already gave ample warning against Padini
During 1929 to 1939 US Great Depression men's clothing stores were among the 1st casualty!
So it is repeated now in Padini
Another BIG BURDEN ON PADINI IS IN ITS LOCKED IN HIGH RENTAL EXPENSE
Although gross profit is 40%
Padini operating Expense is a Horrible 30%
Leaving only a margin thin 10%
With Covid 19 emptying footfall in shopping malls this will be the last straw that break Padini
SELL PADINI FAST FAST AND RUN NOW!!!
RUN TO WHERE? RUN TO SAFETY OF NETX!!
3 MORE CHOICES
1) WTK
2) TEXCHEM
3) NAIM
Posted by enigmatic ¯\_(ツ)_/¯ > 2020-06-18 13:17 | Report Abuse
Don't make me laugh.
Padini has nearly been profitable in all quarter in past 5 years.
How to compare with those substandard companies you mentioned just now?
Padini has paid regular dividends. Has your companies done that?
No result.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by RainT > 2020-06-18 12:48 | Report Abuse
READ