SGH 0.00% 54.5¢ slater & gordon limited

Ann: Manus Island Class Action, page-62

  1. 22,509 Posts.
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    C;mon Doc, you still don't get it. There is no conspiracy, special worldly powers, or a badass group of shorters the rules haven't changed, these things are just your imagination/brain trying to make yourself feel better im sorry to say.
    It was pumped and perceived as a market darling by every man and his dog, most these brokers, analyst don't know what they are doing and the ones that do don't tell anyone the truth, listen to them at your peril. Besides the books just being a load of rubbish (imo), the fact remains they paid over a $1 bil for a business that never made any money and was thrown together a short time before sale, the amount of debt and the underlying weakness in the original business made it impossible to recover from , from the moment the transaction happened, they signed their own death certificate, simply bad management, no external forces, just the sheer power of numbers coming home to roost.
 
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