In a recent edition of the Australian Financial Review, Merrill Lynch – the once all conquering investment house – was quoted as saying, “We are concerned that Woolworths is currently too focused on improving its underlying business from a customer standpoint and strategically disadvantaging its competitor – and not enough from its own shareholder standpoint.”
What the?
If this quote is true it symbolizes why we are going through one of the worst world financial markets corrections in 100 years.
Read on…
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