The tree needs to be pruned and dead wood removed for the tree to prosper. Morale of course will be bad, this is part of the pruning process.
An open statement has been made about proper performance management within DES, this was definately missing.
The share price before all of these changes was at 9 cents for a reason.
This tree will blossum, prime like all of us want returns, whats the point otherwise.
Out of this will be a much leaner business, with greater opportunity to grow.
Now we should see organic growth, rather than selling and buying businesses to cover short falls in P/L expectations. The tree and its foundations need to be right, before growth can be seen.
I continue to buy at these prices for a short to medium view, just watch you dont miss the boat when the positive announcements come out.
DES Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
