Pentax may make more money IF the Yen continues falling, Herb, and IF that
is the reason they are now forecasting higher profits. However, I would
rather buy Yen than dollars right now. The prospects for the Japanese
economy are looking much brighter than America's.
John
On Sat, 05 Nov 2005 23:42:05 -0000, Herb Chong <[EMAIL PROTECTED]> wrote:
the yen is falling against the dollar and the euro while Pentax assumed
the opposite. without changing a thing, Pentax is going to make more
money because the price in dollars and euros isn't changing. many
Japanese companies with most of their sales outside the domestic market,
like Pentax, forecast a slightly rising yen at the beginning of their
fiscal year.
Herb....
----- Original Message ----- From: "John Forbes" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Saturday, November 05, 2005 6:25 PM
Subject: Re: The sky is...
b Pentax announced a forecast of higher full year profits. Higher,
that is, than the last time they made a forecast. Companies don't
usually do this unless they are feeling pretty confident; it's a bit of
a hostage to fortune. Perhaps they're negotiating to sell the whole
camera division to Samsung. It's not impossible, and would make a lot
of sense commercially, particularly if Pentax continued to make the
lenses.
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