True, people were greedy (in the case of ABC Learning). But market love to see increase EPS (Earning Per Share) so if you got a pile of cash earning 3% interest, no debt.... it is a lazy balance sheet everyone hate.
Banks urged many companies to borrow more money, but when crisis comes (eg FGE with construction cost overrun) banks often pull plug on you.
I'm sorry the life support machine has been turned off. All your assets will be liquidated... that's what I think will happen.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
