Hardboy
20 Aug 2015
Re: Berenberg "So I sold my entire stake ... at 1274p. It's now [checks] 1145p, so what Mr Market is saying is that he doesn't trust Fallon to deploy the cash from the FT and The Economist sales well."To be fair, my old chum from the land of the porridge gobbler, in the time Pearson has fallen from 1274 to 1145, the market in general has taken a bit of a hammering too, so the market may not be THAT distrustful of Fallon.
LK Hyman
19 Aug 2015
Re: Berenberg Hardboy," I see their analysis as being quite bullish"Well, their analysis may or may not be bullish but what you have to ask yourself is: Do I have confidence in Fallon?That's what I asked MYself, and I got the answer "No". So I sold my entire stake ... at 1274p. It's now [checks] 1145p, so what Mr Market is saying is that he doesn't trust Fallon to deploy the cash from the FT and The Economist sales well.I don't rate Pearson any more. Glad to be out.LKH on the flybridge
Hardboy
19 Aug 2015
Re: Berenberg Interesting reading seems nearly all the points they made were positive, but the recommendation negative.They are focussing the business more acutely than before, and the education sector offers better growth than publishing. The sale of the Economist & FT seem to be at good prices (as you would expect for such strong brands) so they have cash to play with. The article's many negative is the devaluation of the Yuan & the fact that their major market in the US. I don't see the latter as a problem. Likely as not the $ is going to remain strong, so reported earnings from the US will be helped by the exchange rate. I've not found a break down of how much business they do in China, but it is not that big a devaluation, and the scope for growth probably outweighs the forex weakness. So I see their analysis as being quite bullish.
gamesinvestor
19 Aug 2015
Berenberg Sell rating[link]
MrMeerkat
14 Aug 2015
Re: Pearson CEO on CNBC In the box-out describing his 'street cred', it said he worked in UK local government. 'Nuff saidMM
