dinosaur harvey pleas for online tariffs , page-35

I like your unbridled enthusiasm for this one Kittyboomboom...
but to clarify:
I do not think the irish operations are at the bottom, while they continue to lose money every day they open they are continually digging deeper.
that is why HVN should cut their losses and get out while they can.
Euro zone worries are not going away, greece showed the effect earlier this year, Ireland makes that pale by comparisson. they can not even afford the repayment on their interest, let alone the debt.
that is why it will take years and years to correct.
and if HVN stick aroud that long losing 'x' amount of dollars every week how long do we let the patient bleed before we put it out of its misery.
Hanging around expecting anything else is just foolish pride or bloody mindedness by Gerry and those yes men around him.
the other point about the AUs$ not tanking for 15 years. suggest you read again what I put.
the 15 year figure was about chinas length of time in the growth cycle

".....continued growth in China regardless of what happens in the US and Euroland, as they have enough domestic demand, I see at least another 15 years before they are at the level Japan was at before they hit the ceiling and had to correct. but then we have India!!!
as long as we keep digging we can keep selling."

So I did not say that the dollar will not correct for 15 years, I am sure your assesment that it will correct by 2020 is plenty enough time to see big damage to Aussie retailers which is where this thread started.
and a correction to 70c/1$US is hardly enough to undermine the buying publics advantage in overseas purchases.
10 YEARS IS PLENTY LONG ENOUGH TO SEE DAMAGE TO HARVEY NORMANS BOTTOM LINE.

the terms of trade will not fall while teh commodity demand remains high, as I said there is at least 15 years of that to come

I do agree however with the $2.50 price you predict that would be a good buy in and NO I have never had HVN as a buy. I only held shares as a lever to ask questions I couldn't ask of the board while I was a franchisee with them.

I also agree on your assertion the property market is over cooked, ( another pressure for poor old Gerry when he has to re-vale the property portfolio, something not done yet in any of the financial reports, and something that will leave a massive 'RED' figure on the bottom line.


I also agree with your sentiments on QBE and BSL. will check the others you mentioned... TLS is a no brainer with the NBN money flowing in regardless