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 Heidelberg Stock Price
Just looked at the Heidelberg stock price. Wow it has dropped a lot.
I used to follow it just for interest sake. It had dropped a lot before but seemed to have recovered a bit but now it is even lower.
I was following it since I knew the business of manufacturing presses was getting into trouble due to the shrinkage of the printing industry and due to the financial melt down. I have always felt that due to these kinds of pressures, a press manufacturer would be eager to develop new technology based on new science, which is my main interest. Something that could differentiate them from the competition and provide a competitive advantage that would not be so easy to copy in the short term. The short term environment that could mean the survival in the long term.
But no, the press manufacturers continue to want to suffer and ignore ideas from the outside. Stock prices tend to reflect the outside view of investors on the future health of companies. They don't see anything special it seems and have made their investment decision by walking away.
The best way to compete is by competitive destruction due to innovation and not survival due to attrition. Investors can see innovation potential even if industry insiders can not. Investors don't see much.
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Well said Erik...
how much have they dropped by?
Label Printer
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 Originally Posted by Yoga
Well said Erik...
how much have they dropped by?
You can see the fall here: Heidelberg - Stock Chart
A drop of about 50% in one year.
Very similar to Kodak's fall in one year ( http://www.google.ca/finance?client=ob&q=NYSE:EK )
best gordo
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oh God, I was thinking about the price of their products....haha
they are only going one way without consideration...
Label Printer
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Originally Posted by gordo
Yes, Heidelberg's drop was from about 5 euro to about 2.50 euro within a year.
In the last five years the highest price was about 40 euro and today it is about 2.50 euro.
Did Kodak recover some of that drop?
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Originally Posted by Yoga
oh God, I was thinking about the price of their products....haha
they are only going one way without consideration...
What I would like to see is more performance at a lower product price. That would be a sure sign of advancement in innovation and would also be a competitive advantage. Unfortunately it seems the press manufacturers have taken the high priced technology route which is mainly providing a band aid solution to existing problems in the process that have not been addressed due to a lack of effort.
It is understandable that suppliers would not want to replace expensive technology, developed at high cost with lower cost technology since it would appear to lower their profit but I think this is a false assessment of how the market would react.
It is important for a supplier to try to make their existing technologies obsolete in order to protect their future. One can improve a product by continually refining an existing concept but one can take this too far. Ignoring the need to advance thinking and fundamental knowledge can in the end be what causes the company to fail.
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Erik: Reckon, there is no sign of such things happening...
Label Printer
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Originally Posted by Yoga
Erik: Reckon, there is no sign of such things happening...
No not yet but I have always been of the view that a major shift in thinking is possible. That has been the basis of my interest in printing.
Innovation in thinking and technology is a difficult thing for people to understand. Its very nature is about something people can not see until it happens. It is usually a surprise.
Often innovation is a result of someone taking advantage of a problem others didn't fully understand. The new understanding leads to practical steps that fixes that problem in a way that others didn't think was even possible. It is a surprise.
What I find disturbing is that in the printing industry there is little interest in even finding out what might be wrong and then what might be a better solution. The acceptance of existing knowledge as being valid inhibits innovation.
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Originally Posted by Erik Nikkanen
Did Kodak recover some of that drop?
No. the stock price has been hovering around 3.15 for awhile now. But at that price it has made an occasional jump of 50% to 5.00. So, if one was a rich speculator I suppose that money could be made on those bounces. I don't see anything that would cause the stock to go up and remain that way (the analyst consensus is sell).
best gordo
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Originally Posted by gordo
No. the stock price has been hovering around 3.15 for awhile now. But at that price it has made an occasional jump of 50% to 5.00. So, if one was a rich speculator I suppose that money could be made on those bounces. I don't see anything that would cause the stock to go up and remain that way (the analyst consensus is sell).
best gordo
Gordon,
Sad situation but it also shows that companies that are trying to be high tech businesses are not immune from market conditions. Also the need for obsolescence is even greater for them. The treadmill of innovation does not slow down.
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