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Why has Dick Smith's share price fallen so low, so fast?
2015-11-30 09:33:40| Grocery - Topix.net
Dick Smith has been pilloried by the market, making it even more incredible that Anchorage Capital was able to float the company for $520 million just two years ago. When Woolworths sold consumer electronics group Dick Smith in 2012 to private equity for $94 million, it was accused of selling it for a "peppercorn" after its new owners packaged it up 15 months later and listed it on the ASX with a value of $520 million.
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