Events at Speedy30 Nov 2013 00:08
I bought shares in this company when they were down on the floor some years ago- and have never regretted it.
The events reported yesterday are unfortunate, but do not alter the case to invest in this company- which remains strong! A management failure certainly occurred, and is being dealt with properly. The CEO has taken commendable action promptly- by resigning- since the failure occurred on his watch.
I have no doubt that matters will be resolved in a couple of months. In the meantime, the share price may suffer- as it has done today- but will then surely recover in due course.
To a serious investor, the present dip in the share price represents an opportunity to invest further in Speedy- prospects are good- both internationally, and in the UK. This is a time to hold your nerve- not panic! After all, there is still that possible bid in the background- and with the share price lower than it was earlier this week, this might well encourage predators! Speedy is good company- and presently quite cheap!