Woolworths is in fact a gambling company, they are the biggest pokie machine owner in Australia. Nowhere in its annual report you'll find this, they hide it extremely well. It owns 12,000 machines with annual revenue of $2 billion, you can only find this through third party sources.
$2 billion of people's money gone down the drain each year through Woolie's pokie machines for nothing in return, and yet Freedom is getting destroyed because 1 salesperson from 2006 sold a 12 months free cover to a disabled guy and was later fired because of it? Come on let's put things in perspective. And God forbid what if something happened to the poor guy and made a claim, would his father still complain?
FIG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held