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)

Mon, 30 Sep 2024

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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