McGrath fattens himself for slaughter

Wednesday 23 September 2015

Lick your lips, from the AFR:

McGrath Estate Agents is understood to be working on an acquisition that would boost the size of the company’s planned initial public offering to around $300 million.

You’ve missed the peak, John, sadly for us. Still, the fatter the shorter.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.