Tuesday 30 June 2009

DSG forecasts a tough year after posting $140m loss


You
don't have to be a moron to be on the board at DSG, but it helps.

Not long ago, NS was frowning at the fact that
Dixons-Currys-PC world group were experiencing heavy losses, and were seeking additional investment to help them get by.

This was despite the fact that
aggressive U.S electric giant Best-Buy was going to be pushing hard into the space with all guns blazing.

What was needed was a
dramatic restructure, not a loan.

And now, just a few months later, hey presto - money being poured down drains large enough to hold
Africa's' water reserves.

So what on earth shall we do with this ailing bunch of warehouses???

Take early retirement chaps. If you act fast, maybe Best-Buy will purchase your stock.




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