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viking86

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viking86

Re: prokopton post# 30152

Sunday, 02/17/2013 8:19:03 PM

Sunday, February 17, 2013 8:19:03 PM

Post# of 163722
I think Bechtel is probably a better analogy in this case since it's about engineering services. SIAF is acting like Bechtel charging a customer for providing engineering services and building a large plant and uses the proceeds they receive for those services to buy a 25% stake in that plant. Would you strip Bechtel from the income they receive for the engineering work and consider their investment in the plant as their "intrinsic value"?
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