Dusk CEO Peter King resigning I feel is a big negative going forward unless they can find someone decent to replace him, which I think will be pretty hard as Peter is very impressive. That said short term I feel Peter is the type of guy that will want to go out on a high so the share price could actually perform reasonably well short term.

So cheap but...

Market Cap $189m

Cash $21.4m

EV $168

FY21 NPAT $26.8m

PE - 6x

FF div yeild 8%

So the market is pricing in the lockdowns, but the question is will DSK recover after and is the market being too bearish. I think it is and with 7 new stores to open plus expansion overseas sentiment is likely to change.  Short term however is uncertain due to the lockdowns over the Christmas period, which is a key sales event for DSK

The other argument against DSK is that travel will return and put pressure on sales for DSK candles and diffusers as consumers will be less focused on the home. I personally think this will be offset by new stores and maybe the market doesn't quite realise how enticing their products are as gifts.