The Reject Shop takes a dive

The Reject Shop's share price fell 11% today and is down 22% since The Reject Shop: The good, the bad and the catalyst (Buy – $8.15). The company hasn’t announced anything, but highly cyclical businesses from the resources to the retail sector are being punished as investors bake in a slowing economy. Rather than restoring confidence, the interest rate cut in China has spooked investors as it's a response to a slowing economy grappling with increasing bad debts, which we've been warning about for several years. More than 6% of The Reject Shop's share register –  1.8m shares – has...

The Reject Shop's share price fell 11% today and is down 22% since The Reject Shop: The good, the bad and the catalyst (Buy – $8.15). The company hasn’t announced anything, but highly cyclical businesses from the resources to the retail sector are being punished as investors bake in a slowing economy. Rather than restoring confidence, the interest rate cut in China has spooked investors as it's a response to a slowing economy grappling with increasing bad debts, which we've been warning about for several years.

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