How much wealth is enough? How do you get it and keep it? How can you pass it on to future generations? An Aussies thoughts on all these topics and more...

Friday, 19 January 2007

Buying the old sweatshop

While I was feeling bored at lunchtime the other day I searched the 'net for info about how my old employer, Hi-com International, was going. It might seem odd that I care, since they retrenched me after more than ten years service, but I quite enjoyed working on the engineering research projects there and would like to see how they've progressed since I left them in 1998. Well, blow me down, if the company hadn't gone broke (put into "administration") and been bought out by a listed company (Ludowici) last September! I checked out this company and they seem to be doing quite well out of the commodity boom, and plan to expand cautiously overseas, so their prospects seem OK. I decided to buy a parcel of shares in Lucowici so I can watch what they do with Hi-com International now that they own it.

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