The reason for more share issuance than anticipated at the beginning of the year is that WSPS and import export were accelerated.
They said that the opportunity arose earlier than they'd planned in one quarterly release. And in the latest conference call, Solomon answered a question about more WSPS facilities commencing in 2012 or 2013 saying something like they are capital intensive.
So, from an operational and eps sense, we will see the wisdom of this decision when we start seeing the import export and retailing revenues and profits. But by all indications, it's a slam dunk.
Still, mitigating any further dilution, if plausible, would be the best of all worlds.
