The fall and fall of Dick Smith

“You don’t need to be very bright to realise that a company worth $90 million one moment is unlikely to be worth $500 million 12 months later just because it had a change of ownership.” – Dick Smith And doesn’t this quote say it all? The other question being, how exactly does the market do this, on what basis and ultimately how does this happen that another Australian retailer slides into voluntary administration? 393 shops, 3000 employees at employment risk, customers fr

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