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Concept stock orphan, page-20

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Reaper11

22,639 Posts.

93

09/07/18

15:23

Post #: 34230588
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Originally posted by madamswer ↑

This is one of the most bizarre corporate situations I've come across in some time.

That the Lowys - who deal in several billions of dollars of assets - saw fit to give birth to such a teeny, highly-conceptual business "idea" (for an idea is really all it is at this stage) is weird enough.

But then to choose to remain actively involved in an executive capacity in such a venture - which starts life under a reputational cloud, defies comprehension.

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It may be as simple as seeking a personal challenge. The sons have effectively been given everything they've got. Building something from (near) scratch as their father did with Westfield might be a source of personal legitimacy for them.

Reaper.

OMN Price at posting: $1.04 Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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Concept stock orphan, page-20

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