Expert Source: "Retail Recession-Depression...What's Up In OZ?"
1st September 2019: Aussie Retail "King" Gerry Harvey Is Doing A "Pawn" Capital Raising Deal At Near 50% Discount!
Is Gerry Harvey Of Harvey Norman (ASX: HVN) Mentally Deranged?Or Smartest Retail "Kid" At 79 Year On The ASX-Block?
Why Are HVN Shareholders & Investors Are Bemused, Befuddled At Gerry's Latest Move?
Not A $179.43m CR Per Se!
Not At Deep Desire-Albeit A Late Night Revelation-To Reduce Unsustainable Debt!
At Near 50% Deep-Deep CR Discount, Yeah Maybe!
The Gerry Zingers: * Gerry Is Talking Economic Recession-Depression At All. * Gerry Took Himself & HVN Into Dairy Farming, Then Out. * Gerry Reckons "Valuable" Property Portfolio & Overseas Operations Will Somehow Weather The "R" & "D" World. * Given This, Somehow Gerry Believes That Harvey Norman Will "Weather" The Global Recession-Depression Storm?
Come On, Gerry! If Now A 50% CR Discount, Why Not A 70%-80% Tomorrow?
Regardless, It'll Be "Mug" Punters Who Cough-Up For HVN's CR!
PS: I'll Give Gerry This: I applaud His Economic-Retail Honesty, If Not His Perceived Global-OZ Recession-Depression Survival Instincts.
HVN Price at posting:
$4.38 Sentiment: None Disclosure: Not Held
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