A `buy on the dips' trading strategy might be reasonable to adopt, using a bit of pound cost averaging. As SOF is currently trading at 50% of net tangible assets c/w positive earnings and a clear recovery program there isn't much downside risk. If the opening price on Monday is silly (as a result of Baugurs interest?) then its a buying opportunity.
Perhaps they should be looking at acquiring larger stores in order to be able to stock a wider range. This clearly is unlikely to happen as they recently sold off 46 stores, including most of the larger ones, to finance the recovery program.
Cheers
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