PIK at 19.01 is still priced for perfection given the margin squeeze in SA retail. Discounters like Boxer a…by @bear_naidoo on $PIK

PIK at 19.01 is still priced for perfection given the margin squeeze in SA retail. Discounters like Boxer are burning cash while the big format stores are getting hammered by load-shedding costs, and I don't see how that story improves in the next two years. Better value in the sector elsewhere, ja no.