Blog: Padini - Not in Vogue Now

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4 comment(s). Last comment by enigmatic ¯\_(ツ)_/¯ 2020-06-18 13:17

RainT

8,448 posts

Posted by RainT > 2020-06-18 12:48 | Report Abuse

READ

stockraider

31,556 posts

Posted by stockraider > 2020-06-18 12:49 |

Post removed.Why?

calvintaneng

56,836 posts

Posted by calvintaneng > 2020-06-18 12:56 | Report Abuse

Calvin already gave ample warning against Padini

During 1929 to 1939 US Great Depression men's clothing stores were among the 1st casualty!

So it is repeated now in Padini

Another BIG BURDEN ON PADINI IS IN ITS LOCKED IN HIGH RENTAL EXPENSE

Although gross profit is 40%

Padini operating Expense is a Horrible 30%

Leaving only a margin thin 10%

With Covid 19 emptying footfall in shopping malls this will be the last straw that break Padini

SELL PADINI FAST FAST AND RUN NOW!!!

RUN TO WHERE? RUN TO SAFETY OF NETX!!

3 MORE CHOICES

1) WTK
2) TEXCHEM
3) NAIM

enigmatic ¯\_(ツ)_/¯

919 posts

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-06-18 13:17 | Report Abuse

Don't make me laugh.
Padini has nearly been profitable in all quarter in past 5 years.
How to compare with those substandard companies you mentioned just now?
Padini has paid regular dividends. Has your companies done that?

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