Tales from the CoalFace

Hmm... apropos ikj64's excellent post and the Forager Fund article https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/, some interesting AMA reading here from a former Dick Smith store manager

"I'm an ex Dick Smith store manager, Ask Me Anything"
https://www.ozbargain.com.au/node/223177#comment-3264990

I think this passage gives credence to Utrader's Briscoe post earlier today:

"Honestly? I think they won't go out of business, but the share price post Christmas will drop low enough that a buyout will suddenly become very desirable for a variety of businesses - DS has a very strong trans tasman store network. They need a business that isn't Private Equity to buy the stores out and actually attempt to work out a profitable niche, rather then just keep the status quo (or do bizarre things like add Home Appliances, which failed the first time around in the Powerhouse stores). I don't think the current management team and direction will last much longer after Christmas, even though you have most of them personally invested in the business."

NB. Apologies if this info has been posted before, I'm not a S/h, I just feel bad for all the mums and dads out there (and anger... anger at the PE robber-barons out there).