Management is going to have to take it. I'm sure it will go through. People will think it's mean, but the alternative would be pretty ghastly.
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
Whilst the last time it was a '24-hour wonder', we think that there may be a reasonable chance that a deal could go through this time around, but it will take time for an offer to be formulated.
Richard Ratner
The general impression was very good, with merchandise well displayed, and clear differentiation between the departments -- not running into each -- and clever use of graphics.
Richard Ratner
I suspect at the end of the day he would have liked to have bought it but with all the hedge funds in there that he wasn't prepared to pay, given trading, a huge amount for it.
Richard Ratner
Marks Spencer was among only a few retailers to make gains, closing up 2p at 382p after the chief executive Stuart Rose unveiled the group's Cardinal Place store, its first new opening in central London for over a decade. There is little doubt that MS will achieve top of the range estimates, even if the all-important third-quarter like-for-like sales are down 4 on non-food, ... what we worry about is the ability to grow profits.
Richard Ratner
We still worry about next year, with fierce competition at the value end of the market, and...still look for a ceiling of around 800 million pounds on (fiscal year profits).
Richard Ratner
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