The Mega supermarket turnaround that has already been underway keeps getting better and better.
The "BIG GUN" turnaround specialist has now been hired direct from being CEO of UNILEVER Central Europe!!!
The truce will hold... the stock will eventually recover and then some.
Divvy announcement coming soon!
...Mr. Motti Keren has been appointed to serve as the Chief Executive Officer of Megal Retail Ltd., the Company's subsidiary operating supermarkets under different formats, commencing January 1, 2013.
Hay, both of you are too optimistic and too pesimistic. The reality is somewhere in between. This company is very big and as you know a big ship turns slow. But , a big ship will not sink that easy as well.
So - look for the next 2 years i believe there will be a reword for the one that will hold.
Don;t expect divvy so fast. Look on the balance sheet, there si plenty of long term to pay before getting to a safe pllace The current price is a joke, it is almost a bankrupcy price , so even a small turn around can double price. On the other hand , there is not any net behind for mistakes.
It is going to be interesting - all the best to Keren.
What turn around, meshuginah? A turn around and a divvy and I think you've been smoking some some bad weeds. Oh and now they're going to start to make some money also? From whom? Their Hassidic customers who only buy the specials?