From the world of Finance comes the news that Bull-Dog Sauce Co. is a take-over target (see quote below). It is not a surprise to me. It is not management though which is the problem. It is the products themselves. A look at the label of Bull-dog tonkatsu sauce shows that it is composed of high-fructose corn syrup.
Yuck.
The rival brand Kagome lists:
トマト、にんじん、たまねぎ、りんご、レモン、にんにく
(tomato, carrot, onion, apple, lemon, garlic)
Yum.
Is it any wonder?
In general, companies with a specific profile are an easy target for corporate M&As: Their stock is priced relatively low in spite of their technical capabilities; they employ overly optimistic corporate strategies; they do not make effective use of their assets; or they have much retained earnings.
An example in this mold is Bull-Dog Sauce Co., the nation's leading sauce maker, which has become the target of a takeover bid by U.S. investment fund, Steel Partners Japan Strategic Fund. To avoid such a situation, management should properly tackle difficult tasks, such as implementing management reforms, improving corporate value, increasing the aggregate market value of shares and preparing measures against buyout attempts. Source: The Daily Yomiuri
Image borrowed from Alice's Tonkatsu blog entry
