Analysts: Wolseley may face liquidity crisis

07/7/2008 | Industrial Distribution online

With its stock at a seven-year low and no housing recovery in sight, Wolseley, the world's largest plumbing and construction products distributor, needs to immediately address its balance sheet, analyst Jessica Flounders said. She was quoted in a newspaper as saying: "The company may be able to strengthen the capital structure through asset disposal and further cost cutting, but these will eat into the growth of the businesses. Other options are a dividend cut or capital raising." Another analyst in the U.K. called Wolseley's current financial structure "unsustainable."

View Full Article in:

Industrial Distribution online

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Multichannel eCommerce Merchant
Tractor Supply Company
Brentwood, Tennessee
Senior Manager, Account Collections
Wal-Mart Stores, Inc.
Derby, Kansas
Site Merchandise Manager
Dick's Sporting Goods
Pittsburgh, Pennsylvania
Macy's Director, Operations Omni Initiatives
Macy's
New York, New York
Loss Prevention Investigator
Tractor Supply Company
Brentwood, Tennessee