is the time right to invest in nab?, page-13

It seems to me that NAB is hellbent on loosing money, come what may.

Why would you buy a horse and make it lame just so it could be yours?

http://www.smh.com.au/business/nab-axa-talks-continue-as-deadline-looms-20100715-10ch3.html

NAB is determined to get bigger in the business that is going to get hit as the Coopers report on superannuation gets implemented.

25% of much smaller fees . Even before this NAB said the deal will not make positive impact on the bottom line until about 2 years down the track.

It reminds me of the hey days of Telstra just after privatization. They made huge profits from its existing business and threw it all away on stupid investments like the buying into mobile phone business in Hong Kong that went horribly wrong.

It is all this Empire building mentality of the management who get paid zilions even when they monumentally screw up and then they get golden handshakes on separation, just to add insult to the injury.

What happened to old fashioned " Lets make money for the share holders " mission statement?