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.

How do these guys get away with it, NS ponders.

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