RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming? rwfresh wrote: They've added stores (liberty village off the top of my head) and reno'd existing, they've added services and product
Liberty Village was added in 2018 and what I was referring to. Since then, they have barely made any significant growth/expanded that should drain significant capital.
rwfresh wrote: because they've been closing existing stores for renos. Check the news history.
Read my previous thread. This is false. The stores did not close due to renos. Also, they are down significantly more than these renos likely impacted.
rwfresh wrote: The company was profitable when it was private. When they went public it was for the express purpose of expansion/growth with the likely motive being a buyout by another larger food retailer.
Maybe they could go insolvent.. If they did it wouldn't be because of lack of value. They have operating locations, operating e-commerce, they have a CLEAR niche, the brand is good, stores are good. They have revenue.. and like I said, they completed two or three existing store overhaul renos in the last few quarters which cut into revenue because the stores were closed during renovations. It would be really strange if other store retailers with money didn't see the value in this company. There is huge value. Watch revenue this quarter. Maybe I am wrong? Totally could be that the lender demands the money, no other investor steps up and the business is forced into bankruptcy.. But that would lead to a buyout. They are a listed company with a bunch of stores, good brand and good revenue.
Well this is true, but means very little to your point. When they went public is when they started going wrong. They added two stores that have never been profitable and continue to drain the company of resources over the past 6 years. Oakville was the only location that ever made money and has not been profitable as well over the last couple of years.
Overall, there is way less value than you think. There are other companies in this niche space that have significantly stronger brands and better balance sheets.