Penguin International

[specuvestor]

Agree with weijian that sometimes spectators that are less emotionally involved may have a clearer picture so we shouldn't base comment on vestedness cause there is no verification anyways

Investing is interesting cause one don't need a ticket to learn as a spectator. The caveat is that I think comments have to be substantiated by facts and research and based on that everyone can have an opinion what the real truth is. (Truths have to be based on facts; but facts might not lead to truth) In this sense this is what made this VB forum great vs the one liner forums. Hopefully we keep it this way.

That said my personal observation is also that those companies that will be or going through privatisation tend to have weak results.

Hi donmihaihai, since you don't hold Penguin shares now, and you may not have communicated with Penguin's Chairman or MD before, I don't think you would be able to appreciate very well how some remaining minority shareholders feel about the current situation of their investment.

hi dydx,

There is this thing called an "outside view". I probably do not have as much experience as you do, but my sufficient experience tells me that "outside views" are often more important than "inside views".  So let's not dismiss another VB who has spent time to crunch some numbers and write down a post, just because he/she didn't have direct communication to the Mgt OR isn't vested.

Also, how shareholders feel is one thing, what are the facts is another. I like what John Chambers, ex CISCO CEO said in his memo - Respond to emotional situations by focusing on facts. Respond to facts by looking at the emotional impact.