Wednesday, December 31, 2008

Are all these business going under just inevitable?

Morgan has just filed for administration in the UK. They join a long list of companies going under, now I now we're in a recession but don't you get the feeling that a lot of these were inevitable? Woolworths have been going down hill for a long time, Zavvi had a bad business model since they bought it, why do you think Branson sold it?

The time has come to pass when the public will no longer stand for companies wearing the "Emperors New Clothes". The outcome is that weak businesses will go under and the recession is just a convenient cover for a badly run company. Its going to hurt, but the horse has already bolted and tidying up the pile of shit left behind is only good for the roses.

No comments:

Post a Comment