I'm not demonizing. I'm analyzing. What's best for Sparx isn't necessarily what's best for anyone else, there's nothing wrong with that per se.
Your problem is that you're only looking at the bottom line. I think that the current members Pentax's Board of Directors genuinely like building lenses and cameras. Everything else Pentax does is done to make that possible. They thought that selling out to Hoya would allow them to concentrate on that within a larger corporation, giving them a chance to take on Canon and Nikon on a more even footing, (all right that's my supposition but that seems to fit the facts). They became aware that their vision wasn't Hoya's vision, they pulled Pentax out of the deal, end of story. I have no real proof of that, just a feeling, but I've worked for at least one corporation in exactly that position. The company in question was the underdog. The only independent manufacturer of a it's line of products in the USofA if not the world. The products had a sterling reputation however, and were well regarded for their reliability. If the majority share holder, (who was also President, Chairman of the Board, and CEO), had sold out he could have retired, with more money than he could ever have made by continuing to run the business. He never sold out, and died at his desk. He just loved running his company, in his industry. Not everything is done for money. Tom C wrote: > Right, but let's not demonize Sparx. As a major investor they have every > right to voice their opinions and let their wishes be known. > > What's more, the fact that Pentax was by all accounts ammenable to the > merger up until the last minute, would tend to indicate that Pentax also > thought it represented the "highest potential for profit ". > > Tom C. > > > >> From: "P. J. Alling" <[EMAIL PROTECTED]> >> Reply-To: Pentax-Discuss Mail List <[email protected]> >> To: Pentax-Discuss Mail List <[email protected]> >> Subject: Re: Pentax Update >> Date: Mon, 16 Apr 2007 16:52:52 -0400 >> >> Either way Sparx cares not for Pentax's long term viability. Sparx's >> analysis is that the highest potential for profit for Sparx comes if >> Hoya buys Pentax. Weather that's good for Pentax or Hoya, their >> employees, customers or other stock holders isn't Sparx's concern. Any >> analysis that Sparx makes public, or statements, press releases, etc., >> about shareholder value will be colored by that POV. >> >> Fernando Terrazzino wrote: >> >>> >From the sparx group website: >>> "In practice, SPARX's investment process is a skill-based approach >>> identifying a catalyst to narrow the "value gap" that exists between a >>> company's intrinsic value and its stock price. We believe that this >>> disciplined method minimizes downside risks and maximizes the >>> potential returns to consistently generate exceptional long-term >>> investment results." >>> >>> Short version: buy an undervalued company and as soon as someone >>> realizes that is worth more sell it. >>> >>> I don't think it shows no market disconnection, no analysis in the >>> long term, just shows a fund company that playing by the rules is >>> making quick money, that's it. >>> >>> On 4/16/07, P. J. Alling <[EMAIL PROTECTED]> wrote: >>> >>> >>>> Or we see an investment company trying to maximize it's short term >>>> investments. >>>> >>>> Tom C wrote: >>>> >>>> >>>>>> I expect Pentax is pretty close to being able to tell Sparx to take a >>>>>> flying >>>>>> f#ck at the moon anyway. >>>>>> >>>>>> William Robb >>>>>> >>>>>> >>>>>> >>>>>> >>>>> Why? Sparx is the major shareholder and therefore owns more of Pentax >>>>> >> than >> >>>>> any other single entity. >>>>> >>>>> What all this shows to me is that there is a marked disconnect between >>>>> Pentax's popularity surge with the K10D/K100D, as good as that may be, >>>>> >> and >> >>>>> their profitability and long term viability in a competitive >>>>> >> marketplace. >> >>>>> 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 >>>> >>>> >>>> >>> >> -- >> 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 >> > > > > -- 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
