Would You Buy Leica Stock?

gdi said:
Yeah, you are doing a great job looking! :rolleyes: Nikon stock has not gone up since August. 21.91 - 8.46 according to your link.
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You have to look at the adjusted value after taking splits and dividends into account. When a stock splits its selling price is cut by the split.

P.S. If you don't understand that you better stick to photography and stay away from stocks. :) Look at the last column.
 
I don't know anything about the Leica company that is publicly listed. So, no, I wouldn't buy its stock. I would buy the camera stock of the Leica Camera Company, but wouldn't touch its paper stock, although it is not available.

/T
 
No, because it's overpriced, when stock in Zeiss and Cosina can do just as well. It would give my portfolio that bit of glow though :p
 
barjohn said:
You have to look at the adjusted value after taking splits and dividends into account. When a stock splits its selling price is cut by the split.

P.S. If you don't understand that you better stick to photography and stay away from stocks. :) Look at the last column.
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I assure you I know what a split is - can you reference where you see that the stock has split since August?

I did look at the adjusted prices (seeing that you had read that footnote at the bottom of the page) and the link indicated no dividend! Then I went back to the same link and it did show a dividend in September - the site seems whacked.

What happened since the dividend was paid? It looks like a drop from 17 down below 9.
 
I would strongly consider buying Leica stock, while it is cheap. The person that owns Leica is a business genius and has some very interesting plans up his sleeves. Some that will shock the photographic world when they come to pass and there is not shortage of money at Leica at the moment...

All I will say is that Schneider and Zeiss are both in the line of fire... you did not hear from me.
 
I see in my newly arrived catalog that the M8.2 costs SEVEN THOUSAND THREE HUNDRED AND NINETY NINE DOLLARS,the 16-18-21 lens is SIX THOUSAND NINE HUNDRED AND NINETY NINE DOLLARS.. i ain't buying Leica stock.
 
Not even close.For 1.2 k it would be considered an average camera at best with it's many problems,for the way overpriced price it makes people think it must be the greatest camera in the world,it's not anywhere near the quality of any M film camera period.
 
A P/E of 36 doesn't sound so bad to me. I remember when people were buying Home Depot with a P/e OF 60. I would look more at the upside potential.

Well, they still had enough money to fly to Kentucky for the annual meeting. I had a brief conversation with Herr Kaufmann in the elevator, and a longer one with Stefan Daniel. They didn't seem worried!
 
Do you really think that if they were worried they would share that with you? Maybe you buy at P/E of 36 or 60 but not me. I like keeping my money rather than giving it away. You would get better odds and return in Vegas and have more fun losing your money there. Plus you will help the Vegas economy.
 
Leica is an exceptional position that few other companies are. They are owned by a passionate fan of their products that has vast sums of capital at his disposal. As long as Dr. Kaufmann retains controlling interest there is no concern about Leica's future.

It will be interesting to watch as other photographic and optical firms begin to feel the economic crunch and become prime candidates to be bought at a discount.
 
barjohn said:
In today's market I wouldn't invest in any company with such a high P/E.
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You don't have to. Kaufmann already holds 97% of the shares and he seems to be quite committed to his investment in Leica.

If you wouldn't invest in the company [...] why would you buy their cameras & lenses?
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Do you think that the stock-market price of a company indicates the quality of it's products? I certainly don't think so. Just remember the peak of Volkswagen stocks a few weeks ago. Did you go and sell your BMW (or whatever) to buy a VW Beetle because of this? Your argument just doesn't make sense.

Disclaimer: I have nothing against Beetles. I have been driving VW cars for many years.
 
barjohn said:
You really need to do a better job at looking. Here is a link to the historical price since August. http://uk.finance.yahoo.com/q/hp?s=NKN.BE You must look at the adjusted price that is adjusted for splits and dividends. The prices are in Euros. The adjusted price on August 25, 2008 was 6.28 Euros and on 24 Nov 2008 it was 8.46 Euros. Without adjusting for stock splits or dividends you are looking at apples and oranges.
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When you're trying to be condescending, try not to embarrass yourself. Here's a chart of Nikon Corp's closing prices.
 
Ummm... How would one go about buying Leica stock??? 98% is owned by Dr. Kaufmann, and he is not selling, 2% is owned by diehards who adamantly refuse to sell....
 
I bought my equipement to take pictures, I can't take pictures with stocks - so it's pretty easy to figure out my answer :D.
 
Even though the Leica name will most likely be with us for quite some time to come - in one form or another - their stock would be (and has been) a very high risk investment. Their continued losses over the last several years have been disturbing. It was only due to the M8 the company made a meager profit for the last fiscal year - and that cow has been milked dry. I have been surprised time after time, when I thought Leica was done, someone came to the table and bailed them out. They have been in this situation many times since the mid 1970s.

In any case, the question is moot since Kaufmann is privatizing the company.
 
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