Welcome to the 1st of your regular updates from Craig Corporate.

2010 is proving to be a challenging and interesting year for us all. Warren Buffet has said that “when the tide (of recession) goes out we will see what is washed up on the beach.” This is very much reflected in our thoughts on the current outlook for owner managed businesses - in our view some companies have used the recession as an excuse for their poor performance. Therefore, when the economy improves, they are not going to recover far enough or fast enough. Markets will remain very competitive, margins will be squeezed and in the long term such companies’ strategies will prove to be flawed.

In this issue we share some of our client experiences and insights into how successful companies ensure that they float out on the tide of recovery, even in the grip of stormy seas.

September Newsletter