What have I been recommending that you sell?

[muskanislam99]

It’s nothing to do with it, it’s just their interpretation of it. Woolworths has been in trouble for years. This is their share price, look at it, 04, 05, 06, 07, 08, they have been on a downward spiral. Why? Because they weren’t offering people what they wanted.

They had an outdated business model; they weren’t offering the products that people wanted. I bet if we did a straw poll in here about how many people bought pick and mix in the year before Woolworths went bust, you would find a very tiny number of people in the room. They didn’t have what the customers wanted, they were out of touch with their market, they had poor management, the company went out of business. Nothing to do with the recession, this is all media hype.

Andrew Reynolds MFI, the latest victim of the recession. Nonsense. Here’s their share price back in 2005 taking a dive. In 2004 MFI lost £40 million. In 2005 they had an operating loss of £85.1 million. In 2006 they were bought out for a quid. That’s how bad business was. In 2008 the management bought it out and then quickly went out of business.

It’s nothing to do with the recession; they keep feeding us phone number data stuff on the telly because the media don’t make money by giving us good news.

They like to have us tucked up in our little houses looking at our little screen, scaring the crap out of us.

Andrew Reynolds You don’t see the good news on the telly, but there is loads of it out there. Butlins. Butlins is having a great time at the moment because people have been fed all this nonsense, they are not going abroad because “Oh there’s a recession on, we’d better not have a holiday abroad, we’ll go to Butlins.” So Butlins are experiencing a boom.

Poundland, the one pound shops. Their pre tax profits last year rose by 103%. Their plan is to open 40 new stores and create 1500 new jobs. I haven’t seen that on the TV.

Online shopping, I haven’t seen this on the TV. Online sales are up by 15.7%, it’s not all gloom and doom. UK online buyers spent £4.2 billion in July, billion pounds.

Forrester Research were the big research company on the internet, this recession will hit online sales less hard than any other channels as people shop online to find better prices and save on fuel. And some of the highest sellers online over the past year have been books and DVDs. If you are a subscriber to Andrew Reynolds Cash on Demand course --