Thanks Croasian for your thoughts and links to newspaper articles.
Loved the skiing analogy for unsuccessful acquisitions: “if you don’t fall over, you’re not trying”.
There’s clearly a limit to the number of consecutive face plants one might have before letting someone else have a go, so I guess Cardno could have done a whole lot worse than have a “pump and dump scammer with a long term view” take over as the downhill racer, at least for long enough to find a jump.
Luckily in Cardno’s case we don’t have to worry about someone stepping on the "oxygen hose of worthless corporations run by stock promoters". They give Cardno a wide berth.
And the recent changes to management look to be sensible and seemingly the right people for the roles. Hey, if they can avoid the temptation of going off-piste, we might even see the old aggregator model come spluttering to life.
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