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dELİA*s AŞ Message Board

  • adjag7 adjag7 Jun 6, 2013 9:17 AM Flag

    Sale of Alloy subsidiary

    Well, DLIA managed to sell the Alloy subsidiary for $3.7 million in cash + $3.1 million in liabilities. This total value is a little more than 50% of the reduction in DLIA's available cash over the past 12 months. While I'm not sure if DLIA management could have expected to receive more for a unit that they openly wanted to divest, $3.7 million confirms that DLIA will have to go back to the market at some point to obtain additional funds in an effort to achieve a turnaround.

    Combining DLIA's precarious cash position with the market (many of the retail apparel co have issued disappointing earnings), I still think we go down from here. I will wait for $.70/share.

    Good luck to all.

 
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