bit of history

Out of interest today I plugged goodman fielder into a google search then selected the news tab. At the bottom I noticed a newspaper article from around 1987 which mentioned goodman fielder. Interesting things about Goodman fielder back then:

- Was one of the 15 largest companies in Australia

- Market cap circa $3,000 million

- Forecast profits of $200m to $300m

in 1980's dollar terms.

25 years later, it has become:

- Not even in the ASX top 50 companies index

- Market cap around $800 million

- Profit last financial year of around $150m excluding writedowns

Let's hope the trend of the past few decades don't continue.