OK-first of all, this case will drag on for ages, as M &B know that they will win the case, and all legal costs will be passed on to TGA!
now Steve Johnson, the founder of Forager is a former escapee of the Intelligent Investor. he is a contrarian as he has no choice, being the head of such a small fund!
now that just leaves false advertising- what Radio Rentals have done is to mislead customers and falsely advertise. they will get a big fine as we all know, but there is a lot more to this than just the balance sheet and 'crooks' within the management of TGA.
it's called reputation and Radio Rentals are basically now stuffed.
ps- if i was some sort of desperate individual looking for a helping hand, i would think a lot more than twice about giving them the nod for a rental appliance.
cheers crazypunter
TGA Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held
