Avarice a poor advisor

[ho_co]

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Via DPA, there is a brief citation of Dr Kaufmann in German language at boersen-zeitung.de; citation of first part of remarks only, but with photo, at Aufsichtsratschef: Gier ist ein schlechter Ratgeber - Bild.de.

 

Points:

• Some lenses currently have one-year backlogs; the hope is to cut that to six months.
  
• Leica isn't seeing anything like a business downturn.
  
• Nonetheless, one can't expect twenty percent annual return long term.
  
• ACM (Kaufmann's private equity firm) is in for the long haul, not just to achieve a profit and then sell the company.