This is core PF stock in my wife’s pf and take what’s written below with large doses of salt.
I personally think looking at retail companies on quarterly basis is not right metric regardless of whether it is a fantastic quarter or a decent quarter. Variations will happen based on discounting, product assortment and design assortment especially in firms like trent with high variations in seasonal collections at Zudio and Westside.
What I liked about them was continuing to launch new retail concepts but sticking to core philosophy of owning entire brand setup rather than being a big box retailer except at Star. It took Zudio 6 years to be the juggernaut it became and STAR 15 years to find its footing. Retail is a long play and requires tremendous patience and relentless execution.
My idea here would be to add fresh investments once the consolidation takes place between 5000-6000. This is a decadal play and not a quarterly one.
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