I can spell my "idea's" as words, though.
How many shares were traded below opening? Bugger all at end of day.
Window dressing.
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black knat - it is you, not me, who is comparing Rakon with PEB. I never made that comparison.
Snapiti made the comment that todays announcement was rather rhetorical. I posted that bit from Rakons Chairman as another great bit of company rhetoric, nothing else.
From crystals for billions of devices to potential tests for a third of the American population how about comparing an acquisition to something like 'In one stroke, the United States would double its size'. That was Richina's Yan of Richina. Another great example of company rhetoric -
Your New York-based Chairman, a great student of
American history, has likened the significance of RPL’s
acquisition of SLC to that of America’s Louisiana
Purchase. At the risk of sounding a little grand, I find
this analogy most fitting!
By a treaty signed in 1803, the United States purchased
from France the Louisiana Territory, more than 2 million
square kilometers of land extending from the Mississippi
River to the Rocky Mountains. Having changed French
geopolitical priorities at the time, Napoleon Bonaparte
offered to sell Louisiana instead of further expansion in
the Americas. Coincidentally, President Thomas
Jefferson had already sent James Monroe and Robert
Livingston to Paris to negotiate the purchase of a tract
of land on the lower Mississippi River or to at least
establish a guarantee of free navigation on the river.
Surprised and delighted by the French offer of the
whole territory, they immediately negotiated the treaty
and made the purchase, for US$15 million.
The Louisiana Purchase greatly benefited and changed
America forever. In one stroke, the United States would
double its size, own an enormous tract of land that
opened to settlement, and was assured free navigation
on the Mississippi River.
In our case, much more humble but just as important to
RPL shareholders, we first approached SLC in February
2004 seeking to purchase the land and buildings that
housed SRL’s tanneries.
We were very surprised but equally delighted when SLC told us that while the land we wanted was not for sale, SLC itself was.
This closely followed the decision by SLC’s parent, LIH, one of
Shanghai’s largest SOEs (which had 28 subsidiary
holding companies, including SLC, and had over 180,000
employees), to sell SLC as a whole. This decision by
LIH came about rather suddenly because the Beijing
central government, having recently decided to further
deepen its commitment to SOE reform, required
prompt action, and Shanghai as usual led the charge.
The rest, as we say, is history.
Maybe we should start a new thread to post these great bits of company rhetoric and leave these pages for more important matters
Promise - no more rhetoric from me on this thread.
Wow. Nine pages today of intelligent debate today so far. Great stuff.
As is often said, please play the ball not the player people. It's great to have all suggestions, even if they're incorrect, they still provide good learning points for younger viewers. No need for insults.
[STMOD: no need indeed]
I hope tomorrow is a better day for posters on PEB,as what I have just read over the last few pages is mostly crap
Best study of human and investor psychology today.
:D