A few interesting points in there. Anchorage apparently sold off their entire investment by September 2014, near their peak price, though the shares traded aro

A few interesting points in there. Anchorage apparently sold off their entire investment by September 2014, near their peak price, though the shares traded around the same numbers for another year[1]. They describe Dick Smith Electronics as the largest retailer in Australia by "number of stores" - which should maybe have been a warning sign if they had more stores but less revenue. Anchorage also mention Dick Smith taking over operating the electronics departments of David Jones department stores in October 2013 - but just six months later, David Jones was sold to Woolworths South Africa and taken private[2]. Also worth noting the "Hong Kong sourcing office for private label products". Over-investment in private label products seems to have sunk them: few people want a Dick Smith TV over a Samsung, Sony or LG. [1] https://au.finance.yahoo.com/q/bc?s=DSH.AX&t=2y&l=on&z=l&q=l&c= https://au.finance.yahoo.com/q/bc?s=DSH.AX&t=2y&l=on&z=l&q=l... [2] http://www.news.com.au/finance/business/david-jones-agrees-to-be-bought-by-south-africas-woolworths/story-fnkgdftz-1226878583679 http://www.news.com.au/finance/business/david-jones-agrees-t...