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bilby commented on the word spend an asset
Business jargon: to take profit from an asset while running it into the ground.
April 9, 2018
bilby commented on the word spend an asset
Also harvest an asset:
"With record volumes of new wind and solar under construction, wholesale prices are widely expected to fall. Just as Engie did with Hazelwood and Alinta with Northern and Playford in South Australia, it makes economic sense to run these old clunkers into the ground. At the time of acquisition AGL told investors their strategy was to effectively 'harvest' the asset."
- Simon Holmes a Court, Why Liddell is likely to close in 2022, and why you shouldn’t care, 9 April 2018, https://www.theguardian.com/commentisfree/2018/apr/09/why-liddell-is-likely-to-close-in-2022-and-why-you-shouldnt-care
April 9, 2018