Just my view but I think you are talking b*ll*cks. If you had a...

Just my view but I think you are talking b*ll*cks. If you had a good handle on the company:

1. you would realise that 75% of its business is not in Australia so what has the Australian economy got to do with it?

2. a consumer law firm is arguably detached from the economy and some could argue that it could prosper in a downturn as people short on cash are induced into suing for perceived wrongdoings. A related bonus is investors needing growth in a global downturn might look for sustainable earning in a company like S&G not impacted by the economy - just a thought!

3. The lending arm of a bank will have its own strict criteria. It is not free to do as it wishes as a hedge fund or trader would. Perhaps they couldn't take securities even if they wanted to!