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Undervalued Artisan

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Bylow - Sun, 18 Dec 05 :

canford....I agree that when Stevens came in and acquired control he should have removed the CFO and made a clean break with the past. Since that time it seems that the CFO (now the CEO) has done a creditable job in repairing the balance sheet and cleaning up the corporate governance. The damage done to the share price is obviously taking longer to repair than anyone who has stayed with the company has expected. I personally do not think that Artisan is on the radar screen of the City traders or pundits, but that is not to say that there could be no interest on the part of shrewd contrarians in considering a bid. It's just that I have the impression from the tenor of Stevens public statements in the past that he has no interest in selling out at the sort of price that would be offered. I think he is in this for the long haul. This makes Artisan a good punt at current share price.Eventually, the pundits will catch on and people like us will have the opportunity to profit.


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