Conor Maguire sees value in Wickes скачать в хорошем качестве

Conor Maguire sees value in Wickes

Conor Maguire, founder of Value Sits, discusses his thesis on Wickes (WIX:LSE). Wickes is a cheap retailer that Conor thinks is both recession resistant and suffering from typical post-spin dynamics. My notes on WIX: https://twitter.com/AndrewRangeley/st... Conor's write up: https://valuesits.substack.com/p/wick... Chapters 0:00 Intro 1:55 Wickes Overview 5:25 WIX value proposition and customer base 10:25 Amazon risk 12:00 WIX valuation 15:15 WIX and the death of retail narrative 18:10 Opportunity cost of WIX versus other retailers 20:45 Spin-off dynamics 21:55 Are the spin-off dynamics real? 24:55 Does being independent accelerate WIX growth? 28:05 The economics of store refits 31:25 Management incentives 34:05 WIX downside protection 35:05 Do you read anything into WIX installer poor reviews? 39:35 WIX Trade Pro side 42:15 WIX digital sales 44:15 Upcoming de-merger costs 48:10 Other situations on Conor's radar 49:10 Discussing DOLE 51:20 Kenmare Resources