I think the exact opposite in terms of Australian Launch. Its...

I think the exact opposite in terms of Australian Launch. Its like coming into the market as a property fund manager at the bottom of the GFC and picking up some really good deals as I know a few managers who did.
Thorn and Flexigroup have their own internal issues. Poor decisions of the past and skinny margins.The banking royal commission and restrictions on lending has not helped them either with their finances. Flexigroup and harvey normal have also been hurt by afterpay, zip and splitit. It doesnt make a lot of sense but thats what the market has done.
As for mortgage defaults rising, the RBA debelle disagrees in his speech yesterday.
The economy does feel like its slowing but for a small coy like FEI there are plenty of opportunities.
DYOR and HOLDTIGHT for the ride.