According to DPReview,
Blackstone's 45% share of Leica is up for sale with help from Morgan Stanley
see story here
Blackstone's 45% share of Leica is up for sale with help from Morgan Stanley
see story here
Blackstone looking to sell 45% of Leica?
- Thread starter CameraQuest
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f16sunshine
Moderator
Where was the talk about a Leica-Zenit connection?
jaapv
RFF Sponsoring Member.
That is rather old news, quite a while before the Zenit story.
raid
Dad Photographer
Regarding the possibility that Zeiss buys out the shares, Dr. Kauffmann wrote me that this was a rumour only.
Photog9000
Well-known
Not surprising as this is what Blackstone does - buy low & sell high. I worked for a corporation called ARINC that got bought by Blackstone and sold shortly after I left the company. Again, it was a buy low & sell high situation.
raid
Dad Photographer
When you buy stocks "high" and sell then "low", you lose money. Hence, the opposite makes more sense for investors. Nothing strange about it.
Ko.Fe.
Lenses 35/21 Gears 46/20
"Are you nuts? Buying Zenit? We are out!" This is how new old rumor sounds.
David Hughes
David Hughes
Hmmm, so does this all mean that Zenit will buy Leica?
Regards, David
Regards, David
Out to Lunch
Veteran
Does it matter?
f16sunshine
Moderator
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”.
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”.
airfrogusmc
Veteran
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
Veteran
The same applies to any other Blackstone type of investor.
