RE:Nice tender offer resultAt ArbProfit; nice for a short-term penny flip, but not convinced that wiping $43 million off the balance sheet was the best use for the cash. When your in a value trap, you need to find ways to invest that cash “outside the box” and make it grow via deals for distressed assets with proven potential to add growth. Le Chteau just announced that’s its entering the huge U.S. market with product, NOT brick and mortar stores! The retail-insider just published the news on July 29th. Still not too late for RET to acquire CTU cheap, a 60 year retailer with its ups and downs but always finds something creative to come back even stronger than previous low. Once a $60 stock that had to split 4-1 and now at .12!
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