It’s certainly starting to look like Mr Tokmanni overpaid for the Dollarstore acquisition. Interim reports hype up the synergy benefits achieved, but strangely, these haven’t trickled down to the bottom line yet. If you compare the purchase price of Dollarstore to its earnings performance, Mr Dollarstore beat Mr Tokmanni 6-0 in this deal. There’s nothing to complain about regarding the Finnish operations. As a shareholder, I hope that Dollarstore’s direction can be turned around.
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