Tuesday, February 22, 2005

Lastminute refute the short sellers

eyefortravel.com quote "Hoberman as stating that short sellers, ie. investors who sell shares in a company in the hope of buying them back cheaper later, have targeted his company in the wake of results this month that showed losses of £26m in the quarter.....According to the report, insiders say the crux of the problem has been the attempt to integrate all the different businesses bought by lastminute.com"

EFT conclude "Hoberman is evidently happy to sell through whatever channels customers want to use, and insists he would quit if he believed he no longer had the skills to drive the business forward."


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