The rise and fall of Arrium

Some may say management did not have their hands on the driving wheel when making important decisions for the company.
Some may say the price of steel falling created the collapse.
Some may say the Arrium model was flawed with enormous wastage and just a general lack of leadership.
Some may say the administrators took huge fees out of the company.
Some may say the government should have come to the aid of the party.
Some may say no-one cares for shareholders.....
Some may say the Arrium infrastructure was severely outdated and needed a huge cash investment making the current Arrium model unsustainable
Some may say way to much heavy debt for the company to manage.
Some may say divisions sold off cheap.
Some may say ......but whatever the story one thing is certain..buying a company with huge debt and little research seems to be a recipe for disaster and a hard lesson to learn in these days of computer gambling...place bet on red..when black comes up it's all gone.