Dick Smith's electric shock

Wilson Asset Management

Wilson Asset Management

Shares in electronics retailer Dick Smith (ASX: DSH) plummeted this week after the company announced on Monday a second downgrade following an earnings warning in October. Poor trading conditions meant management was unable to re-affirm its previous profit guidance while a review of inventories saw the company take a $60 million non-cash impairment charge. Dick Smith shares closed down 20.1% for the week. We do not own Dick Smith in the investment portfolio.

Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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