Seems to be oversold after a revised forecast. There is little room for error when the profit margins are so low in this discount business, but there is a strong balance sheet with 70+M in cash. Also they now seem to have abetter management team and a good CEO, so I think the market may have been overly hash with the current price. I'll back them for a while unless proven otherwise.

The Reject Shop Limited (ASX:TRS) (Company) is scheduled to announce its financial results for FY24 on Thursday, 22 August 2024

Financial Highlights in 1H21:

• Statutory NPAT (post AASB 16) of $17.0 million, up 79.3% on the prior corresponding period (pcp)

• NPAT (pre AASB 16)1,2 of $16.3 million, up 46.5% on the pcp

• EBIT (pre AASB 16)1,2 of $23.3 million, up 44.9% on the pcp

• EBITDA (pre AASB 16)1,2 of $31.1 million, up 20.8% on the pcp

• Sales of $434.3 million, down 0.3% on the pcp

• Comparable store sales were flat on the pcp

• Strong balance sheet with $107.6 million cash and no drawn debt (Dec-19: net cash position of $51.9 million)

• The Company has not received any JobKeeper wage subsidies