Investors Ask "What The Hell Is Going On?"
Harvey Norman shares plunge most since 1987!
Majority owner, Gerry Harvey, encourages Mums-n-Dads to sell their homes and invest in HVN. Exuberant, spruiking or plain irrational?
The devil of an answer lies in the details.
Look no further than HVN's equity in a dairy farm.
Look no further than its operations/expansion plans in Ireland, Slovenia, Croatia, Singapore, Malaysia and New Zealand.
And look at Australia: very difficult trading conditions; dividend slashed.
Stick to home. Stick to knitting.
Punters: don't sell your home or buy a horse. Avoid retail senility.
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