11-07-2013, 02:01 PM
Stokerman has found the Next Insight article on New Toyo biaised as it did not mention the failed tissue paper business and the divestment of Shanghai Asia.
I thought the article did acknowledge New Toyo past failings in saying "New Toyo (recently traded at 32c) made a number of investments that did not provide sustainable profits. Because of this, the company has been viewed as being not savvy despite the subsequent divestment of the sub-par investments."
In saying "the Yen family bought out the seemingly unprofitable tissue paper business only to make a killing later on. Yen family benefited but shareholders suffered the losses."
and "it did not explain the entire SAH saga. there were much more to it.",
Stokerman is suggesting that the controlling shareholder has benefited himself at the expense of minority shareholders. If he believes so, he should sell New Toyo shares. Yet he is holding on them.
Very baffling.
I thought the article did acknowledge New Toyo past failings in saying "New Toyo (recently traded at 32c) made a number of investments that did not provide sustainable profits. Because of this, the company has been viewed as being not savvy despite the subsequent divestment of the sub-par investments."
In saying "the Yen family bought out the seemingly unprofitable tissue paper business only to make a killing later on. Yen family benefited but shareholders suffered the losses."
and "it did not explain the entire SAH saga. there were much more to it.",
Stokerman is suggesting that the controlling shareholder has benefited himself at the expense of minority shareholders. If he believes so, he should sell New Toyo shares. Yet he is holding on them.
Very baffling.