go harvey go, page-13

I bought for the first time a few weeks ago at $1.98.
Great value under $2.00
Been waiting for this massive fall for a while, nice easy to read balance sheet, no funny business.
It's amusing to see how many people who have been fans of this business at three times the price now see it as over valued :)
Return on invested capital has been above 10% every year for the last 10 years, and consider that's after taking large writedowns from a large string of bad investments.
Lol imagine what will happen when he makes a few good ones :)

I jest of course because surely to make these kinds of returns so consistently obviously there's been many more good than bad investments.
When everyone is putting a buy rating on this at double the current price then i might consider selling, might fall further this year but i'm not going anywhere just yet.

Ps: think about how many different things get sold at Harvey Norman, now think about how many of these products get sold successfully online.
Besides electronics i think you'll find it's roughly nothing.
So in summary guess how much of thier turnover will be lost to online selling?
Besides electronics roughly nothing.

Pps: My opinion only and my money is where my mouth is.