Bad management team for Pelikan... Bad 2nd quarter and 3rd quarter, 4th quarter might be the same situation, the company sales will keep affected by euro crisis until euro calm down..and China Stationary Limited(CSL), who recently bought about 9.79% of Pelikan shares... I don't see any difference or good impact for Pelikan.
They have 9 manufacturing plants at Europe which contribute about 86.7% of revenue for Pelikan, while the Americas site which have 2 plants that contribute 9.5% of revenue, last we go into Asia, same 2 plants and 3.8% of revenue for the company..if i manage the company, i will sell off 2 to 3 plants at Europe, add few plants at Asia to balance out the revenue..and I only can see Stabilo, Pilot but not Pelikan products at bookstores like Popular...sad
they buy back the share on low price...still the same bad management team...I thought that they have turnaround this year as they said..always stick to Euro market does not going to help them.
My worst pick. Offload my accumulation for 2 years and cost me a bomb. Will continue to offload. I guess will break 0.40 soon!! Lets break it !!! Bye bye pelikan!!
CEO also dump we should dump as well since he does not appreciate his own company... !! Let us dump!! I still have 70% holding just dump 30% today! gonna continue dump on Monday and Tuesday
the latest quarter looks good indeed. their restructuring exercise was successful and Eurozone showing SIGN of improving (better to wait few more months for firmer data). However, there are still unexplained question (very important):
1. Why would he keep dumping shares for the past one year regardless of price? Is he too rich?
2. What is happening to the cooperation with CSL? CSL has divested some also recently (less than one year after share swap!)
some hidden parties are accumulating as CSL is divesting the stake lately. The time of turning will come when all backlogs are cleared while the results keep improving. Keep watching closely.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chris
88 posts
Posted by Chris > 2012-01-27 22:09 | Report Abuse
start crawling slowly.....bullish soon