Your analysis makes sense.
I am not too concerned about the "tax man" in Panama, and this developed aggregate source is the only one within 50 Klm. or so.
This might provide a little wiggle room for the arm's length pricing.
Being in Panama PDI definitely has the legal edge over foreign companies for work. Your are definitely correct that almost no one
realizes the potential of PDI, or even how large and fast it can grow in Panama. Even the opps. building at Molejon signage was changed from PTQ to PDI. Inside joke was, "Who are you guys actually working for?". Answer of course, "Quien paga mejor!!!"
Management confirmed to me their intention to expand PDI outside Panama and use them in Spain, perhaps in Portugal too.
PDI is not expected to be listed for at least 12 months after the spin out takes place. By then CD will be back in power and money from the canal expansion will be flowing into direct infrastructure contracts awarded by the Executive Branch. This is what is driving PRD nuts!!!
Once I was a regional overseas GM for a fortune 100 company that operated in over 90 countries. Heated discussions are not exactly the words that come to mind. Never mind the cost/unit, politics, both internal and external, were always a factor!
I think three more years for PTQ to really flourish and five years for PDI is a pretty good estimate. Wonder what the price of gold will be by that time???
Let's see what tomorrow brings!
