HVN – Harvey Norman Holdings

Sir Harvey was just on Lateline Business –
‘I’m a mug, why didn’t I wait to buy the shares at $3, I bought heaps at $4.5 and $3.9’
‘I’m just shell-shocked’

And a little bit of blatant self promotion –

‘We sell TV’s and washing machines for less than we did 10years ago, why would you fix it? Just come in and buy another’

‘I picked up our catalogue, I couldn’t believe how cheap our stuff is’

Not that I own any consumer discretionary stocks, but I’m glad I’m not the only one who bought on the way down for them to only get cheaper. If the CEO/founder can’t pick his own SP, then who can?