Aspen prescribes bolt-on acquisitions

Aspen Pharmacare is a R60bn pharmaceuticals giant that used to be a lot bigger. The share price is down over 57% in 5 years, reflecting an unsuccessful strategy to push into developed as well as emerging markets, all while steadily building up a debt pile. It’s a story that seems to play out over and over again: South African corporates …

View Post

Kodak – did some traders have a sharper image?

It’s worth stating up-front that references to photography in this article are quite naughty, because the current excitement around Kodak has absolutely nothing to do with photography. You may be old enough to remember yellow Kodak stores in shopping malls that allowed you to print photos from film (?!?) and even buy photo albums and cameras. Kodak’s business model was …

View Post