I cant see Bikes and Flights going together. One is a product one is a service. They say the will leverage their already strong capabilities in wholesale and sales. Might as well say both businesses require management.
.. I dont use strong language often, but it really is a very stupid move in terms of market confidence. Going into something completely different, ought to be a separate company structure. It would have separate different appropriate means of presenting accounts, possibly different relevant appropriate leverage etc. If some individuals or shareholders want to go into bikes, then fine, buy a bike importer, or whoevers interested, can just launch an IPO.
What a joke. It flys totally in the face of any standard management approach. If they have too much cash, return it to shareholders in a special dividend.
Its a total confidence shatterer in terms of confidence in the board.
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All my opinion
flt falling, page-6
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