It looks as if he is going of his own volition which is a clear indication of where he thinks the business is going.
More Quotes from Richard Ratner:
They might get, in our view, on a decent day, an enterprise value of 2.9bn to 3bn but you've got to take 2bn of debt off that.Richard Ratner
We question whether anyone will bid for the company.
Richard Ratner
It's a sensible idea to develop e-commerce. But whether putting the whole high streetout of town operations under one fascia makes any difference is a moot point.
Richard Ratner
Justin King is doing a fine job, but he is still a long way from producing the additional 2.5 billion of sales he needs to push operating margins ahead.
Richard Ratner
With the chairman off, a downgrade and the Japanese no longer likely to bid, the shares are unlikely to make further progress in the short term.
Richard Ratner
It would be a pity because we think there is huge potential in that business to double profits over the next four to five years, but if 40 pct of your shareholders want out, then I suspect that is what may happen.
Richard Ratner
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