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Old 20-01-2016, 04:14 PM
bugeater (Marty)
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Join Date: Feb 2015
Location: Mitcham, Vic
Posts: 313
Quote:
Originally Posted by The_bluester View Post
Buyer beware of course, what kind of business people spend half a billion dollars to buy out a "suddenly profitable" business that the sellers bought as a basket case quite recently for a song without looking a little deeper than next years projections? "Due dilligence" would seem to be a foreign concept.
It is buyer beware. No ifs or buts. This is how the game is played. Everyone should be slamming whoever bought into the IPO and afterwards, not the former owners. Plus the management of Dick Smith should probably get a serve too.
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