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Friday, August 31, 2018 11:28:15 PM
I didn’t take your entire lot, but it is something I’ve never done and would like to know how and if it can be done with a investor like myself (save 3% and get a better understanding of market mechanics...)
First; I must repeat my upmost respect for management.
Side point (I posted for months by myself here) ; I made a point that GE missed or came to the meeting late...
My draw:
Ceo is 77 and has all the best interest in mind.
I actually thought there was clarity in their operations internationally.
They hold 2 board seats in bomay and the board runs the company.
They seem to have transparency internally of the operations and can provide upon request internal reports of bomay and the reporting we see is do to an “accounting rule/wall”. (Analyst George provided a reciprocated skin in the game option). That would inherently create more transparency and he seemed breathless by the companies response.... these are issues I was previously intimating are not giving me a backdrop for investment...
Still, I have questions to be answered, but a momentary level of comfort for sure.
In regards to Brazil, it is exactly what I thought it could be and wanted/hoped it to be! Confirming headcount of 100 internal / not subcontractors for me confirms my belief in (previous statement about GE). To get the true growth in Brazil go look at brl over last 2 years. Adjust gross profit directly to usd/brl.
The growth is startling larger than visualized....reported....
Simply, I could not be more ecstatic about this part of operation!
I did miss some details and did not participate in call, nor did my paper come across as I expected....
School started this week and was taking my little girl for first day of self sufficient kindergarten...at time of call...
3 guys I trust wheeling and dealing in an environment like this is just where I’d like to be....for me they take all the risk out of it...
There’s more....but it’s wife bday too...
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