NDO 0.00% 85.0¢ nido education limited

"I must also note that the share price performance of the...

  1. 4,578 Posts.
    "I must also note that the share price performance of the Company has been a significant disappointment to the Board, the Leadership Team, and, of course, to shareholders. Although in line with many of our peers, our share price performance has prompted a comprehensive review of the Company’s strategic emphasis and priorities, its operational activities, and headcount. As a consequence of this review, which was directed by Mr Byrne, the Company has reduced staff and expects to reduce its overheads by around 20% in 2013. We believe that this change in strategic focus, coupled with increased fiscal rigour, will better position the Company over the longer term."

    Ya think?!?! I could only imagine where the company if they cut costs years ago....
 
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