Yep.. they were certainly my worst decision over the past 2 years. Chalk that one up to a learning experience, i got too caught up in quantitative valuations and too little focus on qualitative analysis. Glad I'm out of this one.
It all seems obvious in hindsight, but really just not a great business model. No competitive advantage whatsoever, and their products face obsolescense about every 6 months. Kids are so fickle!
Ann: Sale of Madman Group of Companies, page-3
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