I was intrigued to see that Invocas, a company dealing with insolvency, only had three practitioners on the staff when it floated on AIM. This has now increased to seven.
Good going, but I wonder why we are expected to feel sanguine about investing - with no management control and relatively little disclosure - in a business where the entire profit base rests on the effort of three individuals? This doesn't seem any more hopeful than investing in a dot com run by two guys in a garage.
But no one's talking about an 'insolvency practitioner bubble'...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment