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Thursday, October 12, 2006 12:33:06 PM
Our Arab friends have critical needs for building materials and want to secure their supply chain. These powerful people are party to the largest building boom in the last fifty years. They do business with people they trust and who are loyal to them and their interests. They have invested with Petar and his company, CCM. CCM owns a growing building supply company that has been able to negotiate very competitive pricing on lumber, granite, fixtures and cement. Emaar, through their partner, Wessal, has decided to strengthen its relationship with Petar, CCM and Sulja by investing a large sum in the building products company we own.
We still do not completely understand what all is involved here. We don't know what lumber goes where, what projects are totally American or totally Middle-Eastern. But we are coming to comprehend that Sulja's interests are of an international scope and are being nurtured by some very wealty and successful businesspeople. Witness the floor under this stock for the past few weeks. If we only owned a couple of profitable lumberyards, we'd be worth 11 cents per share. The folks on this board are here to witness what is really behind the wizards curtain.
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