On 01.02.16 16:51, TJoseph Powderly wrote: > OZ still got supplier 'Dick Smith' > inventor of the co-tanga antenna? > ( his joke ads were great, the co-tanga antenna was a bent coat hangar ) > tomp
Yeah, good enough for the name to be borrowed for later variants. Just a month ago it went belly up, unfortunately for some - very juicy for others. The link below describes how Woolworths bought it some time ago, then in 2012 sold it for $20M in cash plus about $100M the new owners ripped out when they "wrote down the value of the inventory, took provisions for future onerous lease payments, wrote down the value of the plant and equipment and liquidated a lot of the inventory as quickly as they possibly could to throw off cash," Then they floated it at a valuation of $520M. http://www.abc.net.au/news/2016-01-05/dick-smith-enters-voluntary-administration/7067798 It is quite sad, but Dick still flies his helicopter about, and supports Aussie endeavors. The new shareholders now understand the stock market much better than before. (I sold _all_ my shares in Nov 2007, just after the peak, but before the obviously looming GFC.) Apropos shiny bright investments, a decade ago, a work colleague glowingly described his superannuation investment in Bluegum plantations. I earned his ire when I said "If there's any way you can get most of that money back out, do it as soon as you can." OK, it took half a dozen years before both large Bluegum plantation investment operators went belly up. A fortnight ago, over the course of one idle afternoon, I saw six B-double trucks taking scrawny Bluegum logs off for pulping, as the uneconomic plantations are prematurely razed, and the land returned to farming - if buyers will take it with the hundreds of thousands of stumps still there, thick as flies. (They'll rot in about a century.) Erik -- If so, it follows human civilisation has now begun to preside over a major change to the map of planet Earth. - https://theconversation.com/how-to-make-sense-of-alarming-sea-level-forecasts-45655 ------------------------------------------------------------------------------ Site24x7 APM Insight: Get Deep Visibility into Application Performance APM + Mobile APM + RUM: Monitor 3 App instances at just $35/Month Monitor end-to-end web transactions and take corrective actions now Troubleshoot faster and improve end-user experience. Signup Now! http://pubads.g.doubleclick.net/gampad/clk?id=267308311&iu=/4140 _______________________________________________ Emc-users mailing list Emc-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/emc-users
