Archived posting to the Leica Users Group, 2005/02/18
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]"Stock is down 1/3 today from yesterday's close. Lock, stock and barrel price currently less then 12,000,000 Euros." That's market capitalization, not FMV of the company as a going concern. The unencumbered asset value of the company (including tooling, equipment, product inventory, and IP) is probably at least three or four times that amount. Leica's trade-names alone have to be worth more than 12 million Euros. The consumer market for Leica cameras is dead. Nothing Leica can do will revive that market. Accounting issues aside, the company is essentially out-of-business as profit-making concern. If I had the money, I'd buy a couple of MPs and an array of lenses and parts, and use the equipment until I drop dead, which will be long before the equipment wears out. I don't have the money, so I'll probably buy a nice M2 and a mint Tri-Elmar, and call it a day. DSF -- David S. Finch 502 Braeside Road, Apt. 1 Highland Park, IL 60035 phone (847) 432-0223 dfinch847@aol.com ******************************************************* The information contained in this communication is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential, and exempt from disclosure under applicable law. If the reader is not the intended recipient or the employee or agent responsible for delivering the message to the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the sender at dfinch847@aol.com. Thank you. *******************************************************