View Full Version : Blackstone looking to sell 45% of Leica?
According to DPReview,
Blackstone's 45% share of Leica is up for sale with help from Morgan Stanley
see story here (https://www.dpreview.com/news/0212488232/report-blackstone-working-with-morgan-stanley-to-sell-45-leica-stake)
Where was the talk about a Leica-Zenit connection?
That is rather old news, quite a while before the Zenit story.
Regarding the possibility that Zeiss buys out the shares, Dr. Kauffmann wrote me that this was a rumour only.
When you buy stocks "high" and sell then "low", you lose money. Hence, the opposite makes more sense for investors. Nothing strange about it.
"Are you nuts? Buying Zenit? We are out!" This is how new old rumor sounds.
Hmmm, so does this all mean that Zenit will buy Leica?
Out to Lunch
Blackstone looking to sell 45% of Leica?
Does it matter?
Probably does not matter.
It only means Blackstone feels the Value of Leica Camera may have topped out or has become too slow.
They may believe its ability to grow in value has reaches its limit.
There are other emerging areas with more growth potential to place their cash.
Then again, Maybe it does matter. The old saying goes “if you are not growing you are shrinking”.
I have a client that Blackstone was the majority stock holder and when the sold them it turned out to be a VERY GOOD thing. With long waiting lists for the M 10 and the decisions they made with the M 10 shows that they are clearly in the right direction. I think the bottom line is really taking a huge hit with the sensor issues of the M9, M-E and original MM. Once that is all finished and if that does't really hurt them to the point they can't recover then they should be OK. If Blackstone controlled more the 45% it could be a huge issue.
Out to Lunch
The same applies to any other Blackstone type of investor.
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