Let me begin this piece with I no longer wish to be a shareholder in The Warehouse.
You have seen it before.
The Warehouse finally seems to have done the business, straightened things out and is now on the way to increased sales/revenue and therefore ever increasing profits.
It did this a few days ago when it showed 'promising signs after spending about 200 hundred million odd (this time) on this that and the other' - buying companies left/right/and centre. (the speech patterns are mine but the above takes up a good few years of this and I'm too tired to re-hash the same old stuff)
But is the Warehouse going to buy every retailer in the country in order to be 'Where Everyone Gets a Bargain?' (watch out Dick Smith)
They have to get more people through their doors and the way to do that is through offering THE cheapest branded goods around.
That is it.
Leave the rest up to us.
If by the smallest of chances I'm wrong and this is just the beginning of a new era of the red sheds,
But, you have lost a loyal supporter.
The Warehouse Group @ Share Investor
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