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A comment on Dick Smith Is the Greatest Private Equity Heist of All Time. Parent comment

Re:Dick Smith Is the Greatest Private Equity Heist of All Time by threeseed on Tuesday January 05, 2016 @08:56AM (#10843227)
Dick Smith could have been wildly profitable and they still would've sold it.

It's all to do with focus and Woolworth's core business is not consumer electronics. It's supermarkets. And their core business is being decimated by their competitors (Coles/Aldi) and they are at real risk of not having a long term future if they don't focus.

I am in the supermarket business so I know exactly how serious their situation is.

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Re:Dick Smith Is the Greatest Private Equity Heist of All Time by eru on Tuesday January 05, 2016 @08:05PM (#10847580)
> Dick Smith could have been wildly profitable and they still would've sold it.

Yes, but at a higher price. Or just spun it off and done an IPO for Dick Smith themselves.

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