Childcare operator, G8 Education, recently reported its first half 2016 results, and they were not inspiring. EBIT margins are deteriorating under the weight of rising wages and corporate overheads. We don’t yet see it as a repeat of the ABC Learning disaster, but we’re keeping our eyes peeled. Years ago I warned investors in the press, on TV, and radio that a particular company was worth a mere fraction of its then traded price and that it could eventually collapse. There was a public interest aspect to the proposition because that company was involved in the care and education of our youngest children. That forecast proved correct when ABC Learning Centres eventually collapsed having debt-funded the overpayment for centres. As I examine the latest results of a company that is now performing the same education role, I wonder if a similar share price path may transpire even if, on this occasion, the company does not look to be in terminal trouble.