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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Stewart Whitman who wrote (4344)	6/24/1998 10:56:00 PM
From: James Clarke	Read Replies (2) \| Respond to of 78748

You just pinpointed the big flaw in New Holland. Management does not seem to care what the share price is. Fiat owns about 70% of the company, and is content to book the net income on its bottom line. The CFO wouldn't know a share buyback if it kicked him in the butt. But the CEO is credible. And if you want to talk catalysts, the CFO I'm talking about resigned a couple weeks ago. I have to believe he was fired, he had zero credibility with investors. I don't know the new CFO. But I'll tell you, on July 7th, institutional shareholders are going to be putting management under some heavy pressure to do something.