An investor in Samsonite International SA is staying with his venture after short-merchant Blue Orca Capital LLC’s assertions of resume extortion and poor corporate administration prompted the renunciation of Chief Executive Officer Ramesh Tainwala a week ago.

Stamp Phelps, chief investment officer of worldwide accumulated values at AllianceBernstein that holds around 1 percent of Samsonite shares, had put in a request to buy more offers if the stock value sunk to the mid HK$20s. Until further notice, he sees development in Samsonite.

Tainwala’s abdication was viewed as a win for Blue Orca, which was established a month ago by Soren Aandahl, previous chief of research at Glaucus Research Group. Blue Orca ” picked a good target” in Samsonite, Phelps said.

“There were some things that were questionable but not in our opinion particularly material,” Phelps said in an interview Monday. “We’re not really seeing any of the issues raised by the short seller that are going to take our earnings forecast down. It was annoying, but we stuck with our investment.”

The world’s biggest luggage creator will profit by expanding travel request, and its two driving brands, Samsonite and Tumi, will in any case be seeing development in five years, as indicated by Phelps. The organization has tended to most of the points raised by Blue Orca and financial specialists currently need to see Samsonite go ahead with its business, he said.

Samsonite shares rose 16 percent since the CEO quit June 1, paring a 21 percent drop after Blue Orca’s report was distributed. The stock rose 0.2 percent Wednesday to HK$31.15 in Hong Kong at 10:12 neighborhood time.

Samsonite has likewise gotten help from its greatest investor. Capital Group Cos., one of the world’s biggest speculation firms, has kept on expanding its stake in Samsonite since the Blue Orca report.