11-08-2011, 08:00 PM
Markus,
I don't think the company can survive in its current form. Shares have fallen 70% since Woodford left (and was advised to leave the country immediately!) and the shares may well be de-listed. Plus the detail of the dirt has yet to come out as well as the sheer size of the losses of their shareholders (our pension Funds!). I think it represents a great opportunity for Panasonic to buy Oly on the cheap, rationalise products, production and organisations to seriously take out costs. Oly is still a great brand with a long standing reputation for outstanding products, so I think it will survive under Pana's umbrella. Hope so anyway... I've just bought my wife an Oly XZ-1 for her birthday. Very good it is, too.
Michael
I don't think the company can survive in its current form. Shares have fallen 70% since Woodford left (and was advised to leave the country immediately!) and the shares may well be de-listed. Plus the detail of the dirt has yet to come out as well as the sheer size of the losses of their shareholders (our pension Funds!). I think it represents a great opportunity for Panasonic to buy Oly on the cheap, rationalise products, production and organisations to seriously take out costs. Oly is still a great brand with a long standing reputation for outstanding products, so I think it will survive under Pana's umbrella. Hope so anyway... I've just bought my wife an Oly XZ-1 for her birthday. Very good it is, too.
Michael