fwiw the furniture side has been bleeding but insurance underwriting margin tightened last year too, so jim…by @nico_the_analyst on $NCS

fwiw the furniture side has been bleeding but insurance underwriting margin tightened last year too, so jim's right that it's not really carrying the weight. what interests me is the cash position relative to debt, they've been burning through working capital but the balance sheet isn't completely shot yet. if they can actually stabilize retail or at least stop the cash burn, there's an argument the shares aren't pricing in anything positive. could be wrong but R2.99 feels like capitulation pricing to me, not value.