Companies deal their way into problems all the time – then they try to deal their way out.
The problem is, it rarely works. They buy something questionable, sell something solid often to pay down debt, and somehow hope that being more focused on a questionable and lower-quality business makes them more attractive to investors. It just doesn’t work.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
