3574 days ago
"If a certain high profile company goes bust will you be happy to have destroyed 2,000 jobs?" I am asked by a poster on ShareProphets. Clearly I am not happy if any job is lost (except, perhaps, that of Fat Sam Allardyce) but please understand that if a firm goes tits up it is not the fault of the bears.
Firms go bust all the time, whether they are listed or unlisted. They go bust because they run out of cash and cannot refinance. That one simple metric lies behind every corporate demise.
