KT&G Investment Thoughts
A big story was in the Korea Times recently on the fact that Carl Icahn is has bought a small stake in the company, and because of Icahn's history takeover rumors are swirling. There is this odd quote from Cho Sung-ok of Korea Investment and Securities:I would like to propose that is indeed the fact WHY a takeover of the company could be considered. Unlike most Korean companies management is not distracted by various business units, and further because of its lack of expansion into other areas it likely has a much better debt portfolio than other Korean companies. Oh and as the article says, the fact it is undervalued and has a 75% share of the local market makes it a pretty good target as well.
2 Comments:
Hey cool page! Topics I had never really seen or thought about before. I cant say I know all the ins and outs of the business info however...
R2K
Thanks for your kind words
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