The question must be ... whether anyone could run it better than Alan Giles. Thus, there must be some doubt as to a bid emerging.
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
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's a poor (Boots) statement. The bulls will cling to the hope of a bid, but will anyone commit significant funds to buy a retailer until one thinks that the market has bottomed
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
It looks as if he is going of his own volition which is a clear indication of where he thinks the business is going.
Richard Ratner
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