Analysts see more risk than bargain at The Warehouse

Analysts see more risk than bargain at The Warehouse
On Thursday The Warehouse Group reported the first annual loss in its 42-year history. (Image: The Warehouse)
Rebecca Howard
Forsyth Barr analysts have downgraded The Warehouse Group to underperform from neutral and  “it’s hard to turn a red tide”.Jarden analysts, however, were more optimistic about the medium term. On Thursday, the company reported its first annual loss in its 42-year history.“We view the current risk reward as unattractive,” said Forsyth Barr analysts Paul Laxton Koraua and Rohan Koreman-Smit in a note.Red ShedsAccording to the analysts, the Red Sheds are the most important business for the Warehouse Group, a...

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