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When I read this, I remembered what EJ said about the businesses left standing will be able to charge more as their competitors go to the wall in a recession.
http://www.theaustralian.news.com.au...46-643,00.html
The ratio quoted above: Does that mean the debt is 30% of the equity or the other way round. I assume it's the former.
His take on Ireland is unfortunately accurate. Unemployment is doing a death spiral here.
http://www.theaustralian.news.com.au...46-643,00.html
"This global recession will be here for some time and it might just be the case that Harvey Norman will be one of the few of the strong left standing," Mr Harvey said.
"Our debt to equity ratio is very strong at 30.1 per cent."
"Our debt to equity ratio is very strong at 30.1 per cent."
His take on Ireland is unfortunately accurate. Unemployment is doing a death spiral here.