Sulja Bros. Building Supplies, Ltd (SLJB)

[allmanchase]

Work with me here. Is there enough intrinsic, or future, value to make it worthwhile for Petar to role the entire Consultech Construction company into this public vehicle? We have heard for a long time about CCM Midwest, a much smaller division and one that seemed better paired with what Loftwerks had on their plate at the time. What is CCM worth?

I just don't see Vista, et. al. coming into this vehicle at this time because they really don't need to. But we certainly appear to be integrating into the supply chain of the big Kahuna, Emaar. Successful companies throughout history have formed loose vertical monopolies to reap the economies of scale. Sometimes illegal, but always more profitable, these vertical ownerships (controlships) provide the security of preferential supply and optimization of price benefits.

We seem to have stumbled into the perfect mix of timing and place. Petars connections and knowledge of Arab business culture has vaulted little Sulja into a position of prime supplier to the greatest building boom in history. Where time is money, is there any remaining doubt why Emaar needs Sulja as much as Sulja needs Emaar?