abs position, page-2

Reading the article from SMH, ABC is basically finished. I once thought of buying the share, but thought about it a few times how ABC could make more money out of providing childcare services. As the business has a set limit of headcounts per each center. If they want more businesses, they have to provide a bigger spaces and more resources and this means you need to buy or build a bigger properties which in this market nowadays which is not cheap esp the child care center is near commercial area. In the end, this is how Andy has to do some dodgy things as described in the article to make the balance sheet look good. Personally I think Child care business can only make little profit if operates independently. Also considering the birth rate in Australia which is trending down, how could you expect ABC will be making more profit if they don't do the dodgy accounting!!