Jelbayeh Yes no one is going to 'give up work' voluntarily in tough times but they may have no choice - its called unemployment and it often accompanies a recession which we are on the cusp of. Every parent at home means a lost client for ABC.
Having said that I am confident that this company will survive and prosper. They have transformed what has been a cottage industry and will (eventually) reap the rewards. We long-termers accumulating below $1 will be richly rewarded down the track.
I just wish Eddy or someone could apply the same paradym shift to the disfunctional primary and secondary schools and public education systems. At present the main alternative seem to be reactionary and devisive religious schools of every conceivable denomination.
This is the new frontier and a much more challenging and significant one for the nation's future. As the power of the teacher's unions wane and with State Governments increasingly reluctant to run education, the next decade may see some entrepreneurial visionary pick it up and run with it.
ABS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
