Hopes float on a rewired Dick Smith

Anchorage Capital has engineered a remarkable turnaround in Dick Smith's performance, although questions will be asked about why it wants to exit the retailer so soon.

The prospect of floating Dick Smith a mere 12 months after Anchorage Capital acquired the chain from Woolworths will be bemusing for some, and will perhaps be seen as something of an indictment of its former owner. 

There have been reports that the private equity firm has hired advisers to help assess its options, including an initial public offering. Dick Smith’s management has been talking up the extent of the turnaround they've achieved.

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