Only reason I’m still holding is because I got stuff all left to sell now. Im interested to see how they will manage to wrangle their way out of this situation if they can at all. Dividends slashed and used to restructure their debt aswell as a bit of pleading to the banks. There is both a dk and michels in my local plaza both seemingly doing well, dks always have the local oldies in the morning sitting down for coffees. Both stores with international buyers owning them. There are still good stores going, I think international markets is where the focus needs to go management have been exposed and can hopefully completely clean moving forward. If they can manage to stay afloat that’s a win for me if they can manage to do that and rebuild in a sense then it’s sitting at pretty good value at the moment, do believe shorting and media attention hammered this one a lot harder than it deserved.
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