Agreed. One can't help but wonder why they bothered investing in Australia when its so clear management already has had its work well and truly cut out for them trying to get their existing Kiwi operations running smoothly and efficiently. I suspect we might see the day where they exit that investment. Mentioning demand might go soft in the medium term is softening shareholders up for the possibility that all their recent capital improvements might actually amount to a big fat "nothing" from a profit perspective.
Simple — the market (greedy shareholders) demanded growth
Australia acquisition is/was eps accretive in a sense
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by Beagle
Reply With Quote
Bookmarks