We question whether anyone will bid for the company.
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 thought they'd had a worse Christmas than most people expected. They had a better Christmas, and they're talking about UK GAAP at the upper end of the range.
Richard Ratner
Inference is that margin will be lower because of need to clear stock.
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
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
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