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Wednesday, October 22, 2014 12:34:36 PM
The inventory of $600k represents enough inventory for $2M worth of sales. It tells me that they're actually buying too much inventory for the amount of sales coming in. I wonder how much of the inventory is non-saleable.
I know the clothing industry is hard, as you have to have lots of different styles to make everyone happy, but this company is not exactly in the cash position to do so on a consistent basis.
I still think this company is dying a slow death. I hope I'm wrong, but I just don't see management learning from their many mistakes of the past.
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