Dick Smith stores going bust?

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Originally Posted by rick130

Why Dick Smith shareholders lost and private equity won

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Thanks for that, makes things a little clearer. [ I think]. And to think they hung Ned Kelly. love this comment;

" It's like bacon and eggs, the hen is involved but the pig's committed."

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Originally Posted by bob10

Thanks for that, makes things a little clearer. [ I think]. And to think they hung Ned Kelly. love this comment;

" It's like bacon and eggs, the hen is involved but the pig's committed."

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Yep, it's a ripper, isn't it. :D

I think it sums it up nicely.

As Geoff Toovey would say, " there must be an investigation".

Why Aussie icon Dick Smith crashed and burned | The New Daily

Ultimately, it seems to me that the investors who paid far more than the company was worth when it was floated are the ones primarily responsible. Certainly, you can say they were misled, but anyone putting money into something should have at least had a warning flag raised by value of the company having apparently risen twenty times in a couple of years.

John

More brands to follow Dick Smith.

More brands could follow Dick Smith into oblivion | The New Daily

Dick Smith on line business sold.

Dick Smith

sold to kogan!

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Originally Posted by Eevo

sold to kogan!

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That's got me scratching my head. Why would Kogan set up another on-line business selling basically the same products.:confused:

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Originally Posted by Ausfree

That's got me scratching my head. Why would Kogan set up another on-line business selling basically the same products.:confused:

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only thing i can think of is larger share of the market

I think I'll keep my money under the mattress. :confused: