Hi Folks,Worth some comments imho.Looks to me like management...

Hi Folks,

Worth some comments imho.

Looks to me like management have used their predicament to take an astounding strategic step forward.

1 Get to use the China price at the bottom level of the Australasian markets, heading off/taming harnessing what was likely to have been their toughest longterm competitor in the home markets.

2 Get Fisher and Paykel product into the growing top end Chinese market.

3 Gain competive edge in manufacturing.

4 Enables FPA to reach faster into new markets with Haier manufacturing.

5 Sorts the debt, at a reasonable price (given the sp decimation imposed by the knockers).

Add the Sears deal, global manufacturing and the Haier partnership, and I believe management have set in place a profitable growth position for the company for the next couple of decades. Just waiting to see what faults the NZ media critics and inept analysts can now throw at the company.

First class global management imho. Glad to have soaked them up between 32 and 50 A cents.

EL