I remember when Alywin said (probably reading from an Eddie email) this right after the merger. He tried to convey that we were a startup company in that we were doing something new and had a lot to look forward to. Plus, having 52 billion in revenue, we were unlike any other startup. Thousands of stores.
And then Eddie said during that first year that we were cutting all of our debt so that we could weather the just starting financial downturn. He made some reference to our competitors who weren't doing the same and would suffer a worse fate.
Well, big dumb failure on all of it. The whiz kid who would be the next Warren Buffet has had it all handed to him on a platter straight from his own toilet. Eat and Enjoy Eddie Scott.