The complication that has occurred now is that the cash flows have dried up with their expansion of marketing in the US. Institutions are buying it for the deep value.
Was getting competition from Chinese knck off furniture and for their first time in history forced lay offs in Italy. The weakness in the US$ was giving them some hard times. Sold his holdings.
Suffering from tremendous competition from Chinese manufacturers. Also a big discrepancy on management’s communication in terms of capital they were going to commit to specific stores.
12% dividend, payout is fairly high. When the price of lamb is high, he buys New Zealand products. They recently spun off a division. Special dividends to be paid out but you are too late to get that now. You will get some growth, but not as much as Asia. It is an ADR so yield is quite high (when New Zealand dollar is high) so it does move around.