Our store visits suggested that the company's various fascias were discounting earlier and more heavily than the competition and that is rarely a good sign at this time of year.
More Quotes from Steve Davies:
Management has developed a good knack of over delivering on its strategy so far and that gives us significant confidence going forwards.Steve Davies
There may be some short-term disappointment today that investors are going to have to wait until the end of 2006 at the earliest for this separation to take place.
Steve Davies
With such limited upfront investment, we believe that it is at least worth a shot.
Steve Davies
MVC has always been one of the weaker players in the market, so it is dangerous to draw too many conclusions from this specific situation, but it does back up our view that these markets are becoming increasingly difficult.
Steve Davies
Given the risks involved it is difficult to see why the shares should trade at a higher multiple than this.
Steve Davies
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