I don't know much about this stuff but I think what happens with some companies they appear to be growing buy buying up other companies to attract their revenue - making them seem to look good but, in reality, there's no profit.
One example of this was Slater & Gordon who, briefly, became the market darling by buying up a load of smaller legal firms for their revenue, (with investors money and CRs), but had little interest in growing the businesses. Essentially, SGH bought their customers for top dollar instead of finding it's own. SGH was little more than a giant ponzi IMO with the biggest corporate loss in Aus. history - about a $billion.
Can it be this crowd appears to be doing the same?
How many of it's 'yew beaut' acquisitions SH have paid for so far have amounted to anything - other than those peeps they bought them off of?
Asking for a friend.
- Forums
- ASX - By Stock
- HLF
- Ann: Trading Halt
Ann: Trading Halt, page-80
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)