tag:blogger.com,1999:blog-28086856.post5467624807407865913..comments2024-03-20T01:42:13.273+08:00Comments on Eight percent per annum: Value investing in Singapore stocks: On Bad ManagementJayhttp://www.blogger.com/profile/03292158817395898619noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-28086856.post-2955443143569738572009-12-30T17:44:41.391+08:002009-12-30T17:44:41.391+08:00Hi all,
Thanks for sharing all these valuable kno...Hi all,<br /><br />Thanks for sharing all these valuable knowledge. Yes beware of bad management. There are always too many of these around to do more harm than good! Invest only in management that we are comfortable with!Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-86949967932038721012009-12-25T12:57:00.822+08:002009-12-25T12:57:00.822+08:00There are various kinds of bad management. Some ar...There are various kinds of bad management. Some are bad because they have large vested interest in the company and thus want to take out other investors tilted much to the balance of their own personal gain. Some others are bad because they are terrible managers who are seated atop in their ivory tower and people can only bring news their want to hear. Some are just simply inept and cannot make changes fast enough. Some want to make changes but are hamstrung by say, unions which are a tough sell, so management who did not bite the bullet hard enough is killed by the bullet, and together, sink with the company (like, GM). <br /><br />In the end, the management of GM was not, afterall, bunch of greedy fellows that profited from investors for their own gain. Rather, it is a combination of one lousy decision after another that causes GM to sink and not making strategic and hard labor decisions to cut its fat fast enough. After it all, all stakeholders suffer, labor have to accept lesser in the end, got a smaller share of the company, common shareholder got a huge huge haircut, probably almost close to wiping all out.Berkshirehttps://www.blogger.com/profile/02415080722037608944noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-32664186286718279842009-12-23T21:49:51.937+08:002009-12-23T21:49:51.937+08:00Ya,
GM shareholders were all almost wiped out whe...Ya,<br /><br />GM shareholders were all almost wiped out when they declared bankruptcy in USA. It's share become 27 cents. <br /><br />That is the risk of investment. But when this type of things happened, you can bet investors will remember these companies like CK Tang. <br /><br />LemizeraqLemizeraqhttps://www.blogger.com/profile/14066758470866342603noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-76042792411568951022009-12-22T12:59:21.795+08:002009-12-22T12:59:21.795+08:00That is the risk that retail shareholders have to ...That is the risk that retail shareholders have to take for this type of biz-owner controlled listed company. And Tang will not be the last company to screw miniority shareholdersCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-73667190263852587482009-12-17T17:24:35.873+08:002009-12-17T17:24:35.873+08:00Hi 8percentpa,
Thanks for your article. Nice summ...Hi 8percentpa,<br /><br />Thanks for your article. Nice summary of the infamous CK Tang saga. I also think the whole thing was a sham by Management to swindle shareholders. No dividend still OK, but to buy them out at ridiculous prices really takes the cake!<br /><br />As it is, the title should not just read "bad management", it should be "rogue management". Haha.<br /><br />Cheers,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.com