Then again Sparx group seems to have a vested interest in Pentax getting out of the Photography business, in fact any business. They wanted that before Pentax's recent success in the DSLR market and like any group of analysts they hate to be wrong. Sometimes so much so that they ignore results. You should keep in mind that Sparkx Group has no vested interest in the actual survival of any company, (except maybe for themselves), to them its only money, and maximizing return is all they care about. Better for Pentax to be bought by Hoya and dismembered, from their point of view, (which will net them relatively high profits on the sale of their holdings), than continue to survive and pay dividends with only a normal appreciation in value over time.
Tom C wrote: > "The No. 1 shareholder, with a stake of 23.9%, is independent asset > management firm Sparx Group Co. (8739). "It will be hard for Pentax to > survive > on its own in five to 10 years' time," Sparx President Shuhei Abe says." > > I'm not saying the sky is falling. But I also would not be surprised if the > recent posturing is not just a way to further up the ante/purchase-price of > Pentax. If that threshold is met, Hoya could acquire the most profitable > part of the business, while possibly selling off or eliminating the > underperforming 2% profit camera-side of the business. > > Remember, during most acquisitions, mergers, shutdowns, the modus operandi > is business as usual until the day an announcement is made. We've seen that > in operation already with the way the Samsung partnering was announced, the > way the merger was announced, and now the suddenness with the backing away > from the deal. > > Time will tell. > > Tom C. > > > > -- Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. -- PDML Pentax-Discuss Mail List [EMAIL PROTECTED] http://pdml.net/mailman/listinfo/pdml_pdml.net
