Join our investing community

Greedy for Growth

Discussion in 'Shares' started by The Stig, 28th Feb, 2008.

  1. The Stig

    The Stig Well-Known Member

    Joined:
    3rd Dec, 2007
    Posts:
    190
    Location:
    Central Coast NSW
    It amazes me how companies with a great business and ideas go under because of greed.

    I am thinking of ABC learning, Credit Corp and Centro.

    All had great businesses but management was too greedy and borrowed too much money to grow as fast as possible. Result, they became their own worst enemy.

    Anyone know of any other companies that might fall into a similar category?
     
  2. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    Well, in retrospect we can call it greed. But at the time, I'm sure they believe they were ensuring they were efficiently using any 'lazy dollars'.
     
  3. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    I guess the other side is we could blame the markets and the geedy investors that wanted more and more profits and returns in an ever shrinking market:confused:

    Things just can't keep going up and up...