Forum Archive Index - February 2004
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Re: Re: [sharechat] Re WHS aka Stock picking using the Warren Buffetmethod
Hmmm, possibly a bit superficial....
Didn't Tindall begin in Australia by taking over 2 struggling bottom
end Australian chains (Sollys Crazy Bargains, forget the other)
where the individual stores were much smaller than NZ Warehouse
ones, badly located and not run on Warehouse lines and with
untrained staff and none of the usual Warehouse infrastructure
stock purchase etc?
In other words he started with a non Warehouse operation and
until he gets there it won't flourish.
Like the Warehouse trying to operate in Auckland just out of
old neighbourhood second hand shops with new untrained staff
with inherited and badly chosen stock.
I think Tindall will ultimately (next year?) show that he has rebuilt
Warehouse Australia into a success.
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