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Friday, December 15, 2006 3:07:38 PM
"He tries to grow North American business any way he can imagine (including buying gas stations).
At some point in time when American's business volume will allow it, he will announce that he sold Bengladesh operation for $XXX (not mentionning what ownership was effectively sold).
He will then have burried his past lie and be able to normalize an american operation buying from a Bengladesh SUPPLIER."
This is only an hypothesis and it assumes Veltex is increasingly doing business in North America.
Will the next steps of this hyppothetical strategyhurt the current PPS... I doubt it (because, even not beleiving the $0.35 EPS, I assume there ia a North American business and it does justify current PPS or better.
Future (do not hold my breath) will tell.
Patiently,
Roger
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