Hi,
Just regarding the closing down of woolworths and other companies which I would imagine will shut down in the future given the economic climate.
Is it not bad management that these companies are going under? Should these companies not have planned for the bad times and have had more liquidity or cash reserves?
It seems absolutely ridiculous to me that these companies do not have a large cash reserves. Did they not think there would be bad times? Aer Lingus has cash reserves! Ryanair do aswell and will probably buy planes now while there cheap.
I just can't understand why every business does not have a plan for downturns and recessions. They should be well prepared for such things since they come and go in a seemingly natural cycle.
Just watching the news here now and apparently "Harvey Normans" are saying that they regret moving to Ireland! Have they never anticipated that things can get bad - are they stupid or do they not know anything about economies?
Have they never heard of the 1929 depression and do they not have advisers and consultants which have enough experience to tell that mortgages could not keep going the way they were going in the states?
Just regarding the closing down of woolworths and other companies which I would imagine will shut down in the future given the economic climate.
Is it not bad management that these companies are going under? Should these companies not have planned for the bad times and have had more liquidity or cash reserves?
It seems absolutely ridiculous to me that these companies do not have a large cash reserves. Did they not think there would be bad times? Aer Lingus has cash reserves! Ryanair do aswell and will probably buy planes now while there cheap.
I just can't understand why every business does not have a plan for downturns and recessions. They should be well prepared for such things since they come and go in a seemingly natural cycle.
Just watching the news here now and apparently "Harvey Normans" are saying that they regret moving to Ireland! Have they never anticipated that things can get bad - are they stupid or do they not know anything about economies?
Have they never heard of the 1929 depression and do they not have advisers and consultants which have enough experience to tell that mortgages could not keep going the way they were going in the states?