Another blunder by SPH

May 13, 2009 at 8:39 pm Leave a comment

SPH has decided to sell their 35% stake in Tom outdoor media back to Tom group at a loss. (Lee Ka Shing must be laughing at them)

Its another case of SPH desperately trying to do things to get into China market and diversify their business from shrinking Singapore media business. Unfortunately, they didn’t do their homework before buying. If it is so lucrative business, why would Lee Ka Shing, a shrewd businessman sell to you in the first place. Even, if you must buy, at least pay a low price.

But SPH still engrossed in their yesterday glory years, overpaid (like they did for other business they bought over the years) Now, their monopoly business is challenged by the internet, perhaps the best strategy is stop digging when you are in a hole. Return money to shareholders now before they disappear from these blunders.

Entry filed under: Investing. Tags: .

Interesting article on the S-chip problem Temasek- a long term investor?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Recent Posts

May 2009
M T W T F S S
« Apr   Aug »
 123
45678910
11121314151617
18192021222324
25262728293031

Archives

Blog Stats

  • 37,441 hits

%d bloggers like this: