The ABS share price is an example of a company growing to fast on borrowings and being caught quite rightly for it.
To infer its due to the corporate model is somewhat misleading. The basic model is fundamentally profitable, albeit not to the extravagant levels the company was previously predicting.
Time will tell who is right byteme but for someone not shorting or owning any stock you have an interesting fascination with ABS. Do you provide such a critique of assets you do own? I'd be interested to know.
ABS
a.b.c. learning centres limited
