Interesting (and slightly worrying) news piece in the respected FT:
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Financial Times “Bang & Olufsen dives 27%”
20 replies
Needs a subscription Moxxey. Can you cut and paste it.
Came up on my newsfeed too...
Revamps=more cosmetic nonsense.Killer products filling the most modest of showrooms is all they need. Everyone else in the AV market manages without yet more cushions and naff naff.
It seems like theough several articals that they miss the mark with both the current customer base and new comers. It doesn’t totally surprise me, the whole dealer mismanagement is weird too. Wtf are they doing? Then again we ask this a lot out loud on the podcast and then people see us as too negative. I hope they get back on their feet but i have a feeling this is round two of biting the bullit
Whether the article is interesting is open to question. As a subscriber I've read it.What was surprising was the FT's optimistic tone, indeed their suggestion to buy more shares.Their view was very much driven by patience around operating / distribution improvements still in train. A narrow view I think, and as someone who knows a FT Lex writer, it's not always that the writer is very familiar with the stock they are writing about.Profit warnings can take a while to recover from, as serious investors tend not to rush in - profit warnings tend to suggest significant issues that require some clarity and explanation.
Nevermind, I'm sure the new "Santa Red" headphones with the buzzing noise in the left cup will help turn it around!
Closing all the stores in USA and Australia should off cause have an effect, surprise me have bad they communicate this out to the shareholders.
They should have known this outcome long ago.
Anyway imo the share price was way to high, and I sold mine long ago.
Still not low enough imo, we have to know the future of TV's before I want to invest again.
Nevermind, I'm sure the new "Santa Red" headphones with the buzzing noise in the left cup will help turn it around!
Investors has lost confidence in B&O ability to exploide there existing markeds or atract new costumers. I am a new costumer with a pair of BL50. Based on my experience I am not surprised if the will go out of business some time soon.
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