M&C Saatchi – how long is “the foreseeable future” for which it “remains confident about the liquidity status”?
Tom Winnifrith Bearcast: This is NOT a late April Fool: Bear raider Evil Knievil turns mega bullish on shares
Hello, Share Pickers. Tom reminded me the other day that books no longer sell very well. All a bit dispiriting for an author like me. Though I tend to agree. My e-book sales easily outrun my print editions. And who buys reference books these days, when we have Google? All of which steers me to avoid shares in the big publisher Pearson (PSON)...
Hello, Share Pedlars. Pearson (PSON) is still perceived mainly as a publisher of printed material. But that is changing fast. For example, it used to own the Financial Times and the Economist. But it sold them off. The famous firm is moving more towards e-publishing, including its very prominent online educational courses.
The indicative first quarter management statement for the current year to 31 December 2012 focussed, as it is, on the changing business model of the company reminded me that Pearson (PSON) has existed as an independent British company since the nineteenth century.
Pearson’s (PSON) results for calendar 2012 have returned its accounting for the layman to an even greater inscrutability than that which it enjoyed years ago, when it was an extraordinary, almost eclectic collection of activities ranging from publishing to oil; a bit like going back from the renaissance to the dark ages.
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