Cavico Corp (fka CAVO)

[silentgold]

Cavico Mining & Construction is shown on this site as a Cavico Operating Company. However Cavico Mining has their own stock which is traded on the Vietnam stock exchange. As such it is a Separate Company and revenue and net income can not be included with that of Cavico itself. Since Cavico owns 50% of Cavico Mining the fair market value of these shares would be considered an asset of Cavico's.

Cavico Mining should not be shown as a subsidiary of Cavico but as a Strategic Partner.

In the press release for the IPO of Cavico Mining, Cavico stated that they planned on issuing stock for other subsidaries. I would hate to see this since Cavico would then become more of a holding company.

Revenue growth on a year to year basis as well as net income is more meaningful to investors than an increase in assets.