Gerry Harvey says a strange thing happened to sales when Malcolm Turnbull was ousted
Just over a fortnight ago, Malcolm Turnbull was ousted from the top job as Prime Minister.
It’s been a chaotic few weeks for the Coalition, with the Morrison government facing an uphill battle to win the next election.
Australian businessman Gerry Harvey tells Chris Smith something very strange happened to Harvey Norman’s sales when Malcolm Turnbull was replaced.
“Retail’s on the nose. We’ve just gone through July/August and our sales are fine.
“The interesting thing is, as soon as Malcolm Turnbull was demoted, the sales went up.
“I thought, that’s not possible. Malcolm Turnbull goes and sales go up?”
Although Gerry says sales jumped after the chaos in Canberra subsided, Harvey Norman’s share price tells a different story.
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The company’s share price has dipped below $3.50, a result the successful businessman says he never expected would happen.
“I never in my wildest dreams thought that our share price would be under $4, let alone $3.50.”
Gerry is now pumping $10 million of his own money into Harvey Norman shares.
“My view is if I’m prepared to do it I’m either pretty smart of pretty stupid.
“And you have to make your mind up whether I’m stupid or smart.”