>From: "P. J. Alling" <[EMAIL PROTECTED]> >Reply-To: Pentax-Discuss Mail List <[EMAIL PROTECTED]> >To: Pentax-Discuss Mail List <[EMAIL PROTECTED]> >Subject: Re: From a Recent Press Release... >Date: Thu, 12 Apr 2007 13:21:00 -0400 > >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. >
Pentax's recent success in the DSLR market though, has been relatively small. Small overall market share, small profit margin, even though they are turning a profit. It makes it very hard to compete. Yes I know that Sparx and many other investors may have no vested interest in the survival of the company. That's exactly why some of us have been saying for several years that we were worried with regard to survival of the brand. That, and we thought Pentax was making stupid moves in the business (which may have been the only moves they could make, based on cash flow and profitability). It has little to do with Pentax's past history as a leader in the 50's and 60's, the quality of their lenses, or whether we personally like the Pentax brand. Tom C. >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 -- PDML Pentax-Discuss Mail List [EMAIL PROTECTED] http://pdml.net/mailman/listinfo/pdml_pdml.net
