Thursday, April 03, 2008

Next? Hanover? Nathans?

With Lombard shares joining the league of penny dreadfuls this morning on the sharemarket, I can but wonder who is next in line? Time to buy a finance company for a paltry $12 mil?

Nathans, Hanover, F&P? All big trusted names, but to blame the game on systematic failure of an industry based on greed is questionable.

Investors are rightly spooked, especially when the US is speaking of the dreaded 'R' word. These recent events must be comforting to those who have 'invested' in KiwiSlaver of late.

Shares are almost cheap enough to waste money on a flutter.

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