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Strategies & Market Trends : Brand Name Values and Turnarounds
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To: Paul Senior who wrote (14)6/18/1998 11:15:00 PM
From: Paul Senior  Read Replies (1) of 82
 
Selling my GUC shares. Prada, a GUC competitor has taken a 5% position and announced an additional 5% increment. Journalists are debating whether takeover is doable or even desirable. Decided I would rather take my profits and move on, especially as earnings are a little lower this quarter when translated in USA$. (Although sales are up -- surprising as so much of their bus. was supposed to be decimated by Asian problems.)
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