Just how low will sullied McGrath go?

Friday, 3 February 2017

A little schadenfreude today for a news story that is a week old but seems timeless nonetheless. Via the ABC:

Listed real estate agency McGrath has warned investors that its full-year profit will probably miss analyst forecasts, as it confronts an exodus of agents.

McGrath has not offered an earnings estimate for financial year 2017, citing uncertainty in the property market and very low levels of listings.

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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.