Investors Chronicle, July 28th, 2006
62p - Aim - With MFI warning about tough conditions in the home-improvement market, now might seem a strange time to buy shares in a kitchen supplier. But while MFI serves the mid and low end of the market, Waterline targets wealthier buyers, selling its kitchens and appliances to specialist kitchen retailers. And this part of the market has been relatively resilient, with Omega and Smallbone - both of which operate in the same area - reporting decent results.
In fact, Waterline's latest set of results suggest that while underlying sales fell, the company gained market share thanks to the w...
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