FSA Group: good times, bad times

FSA is at its best when the economy is at its weakest. What would a full-blown recession mean for shareholders?

It starts like this: ‘You are in default under your facilities and securities with Westpac because you are in arrears of payments currently $294,810.21. If the default is not remedied immediately, Westpac may sell any property described in the Securities Note’.

Letters of Demand are among the scariest things you can find in your mailbox. For FSA Group, though, they’re the ignition switch to the company’s profit engine: arranging bankruptcies and debt agreements.

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