Friday, 19 January 2007
Buying the old sweatshop
While I was feeling bored at lunchtime the other day I searched the 'net for info about how my old employer, Hi-com International, was going. It might seem odd that I care, since they retrenched me after more than ten years service, but I quite enjoyed working on the engineering research projects there and would like to see how they've progressed since I left them in 1998. Well, blow me down, if the company hadn't gone broke (put into "administration") and been bought out by a listed company (Ludowici) last September! I checked out this company and they seem to be doing quite well out of the commodity boom, and plan to expand cautiously overseas, so their prospects seem OK. I decided to buy a parcel of shares in Lucowici so I can watch what they do with Hi-com International now that they own it.