Olympus camera division could be doomed

Discussion in 'Digital Cameras' started by RichA, Feb 17, 2012.

  1. RichA

    RichA Guest

    There is no way they can keep absorbing this kind of loss. They are
    losing money on every sale, it would appear. They could end up
    selling the division at a firesale price and keeping only the
    profitable medical end of the business, or they could be bought in
    total by another company. If Sony buys them, it's likely their camera
    division would be quickly closed or slowly absorbed and the Olympus
    name erased with Sony taking anything worthwhile for its own camera
    division.
    Share prices have not recovered since the scandal peaked.

    http://www.reuters.com/article/2012/02/16/us-olympus-idUSTRE81E22120120216

    Monday it forecast a $410 million full-year loss due largely to its
    ailing camera operations, but its core endoscope business appeared
    unscathed by the scandal, and its president said the firm might not
    need outside capital.
     
    RichA, Feb 17, 2012
    #1
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  2. RichA

    Bruce Guest


    Share prices have *doubled* since their lows.


    In other words, no takeover by Sony or anyone else. No talks have
    been held between Olympus and any of the several potential suitors
    mentioned in the media. Olympus has not appointed advisors to seek
    inward investment.

    It's a non-story. Time to drop it, Rich.
     
    Bruce, Feb 17, 2012
    #2
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  3. RichA

    RichA Guest

    Really? What did GM do with Oldsmobile, Pontiac and Saturn?
     
    RichA, Feb 17, 2012
    #3
  4. RichA

    Mike Guest

    Maybe Kodak will buy it!!!
     
    Mike, Feb 18, 2012
    #4
  5. RichA

    Alfred Molon Guest

    Had I bought shares of Olympus when they were at their lowest point (Nov
    10, at 4.35) I would now have triplicated my investment (12 something
    right now)...
     
    Alfred Molon, Feb 19, 2012
    #5
  6. RichA

    Alan Browne Guest

    I considered that play on BP when the oil rig went down - but talked
    myself out of it.
     
    Alan Browne, Feb 19, 2012
    #6
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