Y’all know, I generally don’t poke my nose into other people’s shit.
But Hyflux is one of those stinking shits that smell so terrible, it’s hard to ignore.
So I heard from Bloomberg today that investor’s might lose up to 90%?
I think the better report is actually by CNA which works out the min/max that can be recovered, which is between 5-15%.
People can discuss and argue all they want: about what they think the government should bail out, why it should be bailed out, how it’s a small sum to bail them out, how NOT bailing out will “shake investor’s confidence” and we can all argue until the cows come home. I highly doubt it’ll change a damn thing.
I’ve said it before, I don’t think the government will bail out Hyflux, and I don’t think they should.
It was a bad investment into a bad company, that’s what it is.
… If you’re