RE:ValueScratching my head a bit too ...
Trading off the taxed dividend (35%+) for the capital loss (25%) in itself is not much of a play on its own. Plus a bunch of selling after div from these folks, hey, maybe the numbers fall different for them.
I'm thinking it's positioned as a deep value play, but you will need to hold until they sell ... or recover.
Supply chain could be completely killing them. One thing if its an adult buying a piece of premium furniture and willing to wait 6-8 months, but buying kids stuff is probably more of a now-now kindo of thing, so inventory rules.
I think I've got $20K to play this for the year.
missionary wrote: Received US 735million or US $25.92/share just on this sale less dividend of $US12/share will leave value of US $13.91 from sale plus existing business which must be worth at least ??$10/share. When dust settles BV would have to be in the $25 to $30 range and yet will post div be around Cdn $12/share. Seems to be alot on the table here.