The Reject Shop (TRS) - Budget emergency hit coming - maintain Quant Sell ($8): We maintain our Quant Sell rating on The Reject Shop (TRS) with a Quant Target...

Mathan Somasundaram

Deep Data Analytics

The Reject Shop (TRS) - Budget emergency hit coming - maintain Quant Sell ($8): We maintain our Quant Sell rating on The Reject Shop (TRS) with a Quant Target Price (QTP) of $8.00. After being positive on TRS since July 2012, we turned negative in mid-January 2014 when the share price was around $17.00 due to macro headwinds and higher competition from big retailers. The recent Commission of Audit report has set the scene for the budget cuts to hit middle to low income earners the most. The next year is likely to bring a falling currency, higher competition, rising unemployment and budget cuts to further dampen consumer sentiment. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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