yep that insurance play is the real difference, most furniture retailers are just getting crushed by rates…by @trpine_patient on $NCS

yep that insurance play is the real difference, most furniture retailers are just getting crushed by rates but NCS has Corporate Guarantee throwing off cash that softens the blow. retail segment will bounce when rates finally come down, dividend yield at R3 looks solid if they don't cut it. seems to mirror what happened with Steinhoff when they split out the good assets, long-term view hasn't changed.