Comments on: ABC not as easy as 123 http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/ Sun, 11 Sep 2011 07:56:19 +0000 hourly 1 http://wordpress.com/ By: alburywodongaonlinechronicle http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-225 Mon, 03 Mar 2008 16:12:27 +0000 http://davefromalbury.wordpress.com/?p=73#comment-225 a childcare monopoly, it’s just frightening isn’t it? I agree, ABC should be broken up, I think a McChildcare chain like ABC is just an awful idea.
By the way Dave, could you do me a favour and post a link to the Albury Wodonga Online Chronicle on your blogroll?
Cheers mate.

]]> By: raydixon http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-223 Mon, 03 Mar 2008 04:09:01 +0000 http://davefromalbury.wordpress.com/?p=73#comment-223 Maybe Eddy’s private jet will either be hijacked by terrorists or run out of fuel while attempting to land at the tax-free haven of the Canary Islands. There’d be a bloody mad scramble for all the cash in those luggage bags.

]]> By: Lang Mack http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-222 Fri, 29 Feb 2008 05:35:58 +0000 http://davefromalbury.wordpress.com/?p=73#comment-222 “Childcare is a sector where the market has no place”. Spot on, this should have been nipped in the bud prior to now, however the last eleven years allowed this sort of exploitation ,and that’s what it is/was,to run unchecked even encouraged.
Eddy Groves, sounds like some boof out of a Elmore Leonard novel.

]]> By: raydixon http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-221 Fri, 29 Feb 2008 05:04:03 +0000 http://davefromalbury.wordpress.com/?p=73#comment-221 a UNIT ? I’ve got 2 units myself, well 9 if I count our holiday units. Eddy sounds like a real “unit” to me. Oh sorry, I spelt that wrong and jumbled it up. Replace “i” with “c” and shift it to the front.

]]> By: Alex http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-220 Fri, 29 Feb 2008 00:47:04 +0000 http://davefromalbury.wordpress.com/?p=73#comment-220 Apparently in his 45 minute talk he mentioned the word “child” once, and quite often referred to children as “units”. I suspect that they will offload the US arm of the business (much of which the $1.2 Million short-term debt is for) and the Australian arm may end up OK.

If that happens and Eddy is out of the business – even better!

]]> By: raydixon http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-213 Thu, 28 Feb 2008 04:30:25 +0000 http://davefromalbury.wordpress.com/?p=73#comment-213 I’m so surprised to learn that ABC is more about the share price value than its core responsibility, minding kids. I mean, that Eddy looks and sounds so trustworthy. I would never have guessed that he’d be just like so many other ‘suspect’ corporates.

]]> By: Lee http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-212 Wed, 27 Feb 2008 23:23:25 +0000 http://davefromalbury.wordpress.com/?p=73#comment-212 It will be interesting to see how the industry deals with this one. ABC centres are such a dominant player in the market and look after so many kids; no one can sit idly by and watch these centres close. There are simply not enough resources available for communities to jump in and keep all of the places open. Perhaps the silver lining is that the government will now be forced to give the industry the backing it needs. If not, they will need to speedily enact legislation to allow the company to be saved.

]]> By: lemmiwinks http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-211 Wed, 27 Feb 2008 22:57:12 +0000 http://davefromalbury.wordpress.com/?p=73#comment-211 I wonder how much of the US expansion of ABC learning was bundled up as CDO’s by various lenders. Possibly no-one knows anymore, but it will be interesting to see, if it goes completely tits up that is. I reckon there’s plenty more sub-prime losses to be written down/off by major US lenders, interesting times ahead.

]]> By: raydixon http://blog.dfg77.net/2008/02/27/abc-not-as-easy-as-123/#comment-210 Wed, 27 Feb 2008 13:14:55 +0000 http://davefromalbury.wordpress.com/?p=73#comment-210 Same story at MFS, but at least they weren’t trying to make a fortune out of childcare. What’s next, privatised and listed “Meals on wheels”?

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