[cobran20]

30% haircut after two years!

link

Quote

... As a sign of his property business's poor progress, the Herald has established that Page Property Developments bought a two-hectare block of land in Dural for $1.47 million in January 2009 and sold shortly before Christmas for about $1 million....

[wim]

 cobran20, on 21 January 2012 - 10:29 AM, said:

30% haircut after two years!

link

The deeper question is surely is Dorothy the Dinosaur the Yoko Ono of the Wiggles?

[cobran20]

 wim, on 21 January 2012 - 10:39 AM, said:

The deeper question is surely is Dorothy the Dinosaur the Yoko Ono of the Wiggles?

I thought her an captain Feather Sword were an item?!

[staringclown]

 cobran20, on 21 January 2012 - 10:29 AM, said:

30% haircut after two years!

link

My commiserations to all parents that know the wiggles songs backwards. (Apparently they are as inane played backwards as forwards.)

He may have taken a haircut on the property but I think he'll be OK.

The odd quote for me was that the wiggles as a business have debt to the bank. What on earth would Wiggles Inc have debt for? Although obviously it must take a lot of resources to keep Dorothy the dinosaur on staff.

[Ruffian]

 cobran20, on 21 January 2012 - 10:42 AM, said:

I thought her an captain Feather Sword were an item?!

Well, no. I went to school with Captain Feathersword (yes, really) and I am pretty sure it wasn't dinosaurs he was into. Damn sure, actually.

[staringclown]

 wim, on 21 January 2012 - 10:39 AM, said:

The deeper question is surely is Dorothy the Dinosaur the Yoko Ono of the Wiggles?

Jinx

[staringclown]

 Ruffian, on 21 January 2012 - 10:47 AM, said:

Well, no. I went to school with Captain Feathersword (yes, really) and I am pretty sure it wasn't dinosaurs he was into. Damn sure, actually.

Whatever happened to Captain Pugwash, seaman staines and roger the cabinboy? Apparently there was a successful libel suit against the guardian for their printing of the double entendre as fact. Not sure about Feathersword.

[sydney3000]

 staringclown, on 21 January 2012 - 10:46 AM, said:

What on earth would Wiggles Inc have debt for?

It is fashionable for every business to have debt even if they don't need to. It allows the organisation to pay higher wages, salaries, bonuses, benefits, dividends until the one day when the interest on the debt becomes unsupportable and the receivers move in. I suspect instead of using earnings to self-fund tours they pay out every dollar to stakeholders and use debt to fund tours.

[staringclown]

 sydney3000, on 21 January 2012 - 11:36 AM, said:

It is fashionable for every business to have debt even if they don't need to. It allows the organisation to pay higher wages, salaries, bonuses, benefits, dividends until the one day when the interest on the debt becomes unsupportable and the receivers move in. I suspect instead of using earnings to self-fund tours they pay out every dollar to stakeholders and use debt to fund tours.

Don't tell me there's a wiggle bubble...

[Dose]

Rich people investing then losing in property. Old/new Yellow Wiggle is ahead of the curve.

You'd think singing in front of children would be an easier living!

Based on the last few days he walks towards me at a BBQ I'm finding more than a few reasons to move away.
<edit:sple>

This post has been edited by Dose: 21 January 2012 - 11:59 AM