Friday, August 21, 2009

Julian Grocock: Sometimes you just have to compromise

Excellent, eloquent and succinct Mr Grocock. All the compromise there's been in this industry for two decades has all been thrust on tied tenants. Now they have nothing left to give and it's the pubcos' time to compromise - they created a wildly distorted price fixed market while having the opportunity to open it up and foreclosed products simply because it did not suit them to embrace wider portfolios at realistic margins which they could ahve passed on to their estates. They are now reaping what they sowed in keeping their eye solely on shareholder aspirations while ignoring basic sustainable business practices and looking after their tenants. They've invested nothing in their business model except hot air and empty promises while laughing all the way to their horrifyingly over-indebted bank accounts by using everyone else as cash cows to take everything out while they could along the way.

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