interesting perspective from hewang. the Indian Government bodies are a big part of Indian business. this is because they need to be part of the money, you cannot trust the average Indian business to pay an honest tax. there are so many unemployed people, the govt cannot get enough tax revenue, so they get involved in the business. they call this democracy, but it is a recipe for bad business and there's plenty of evidence of that in India. But I must agree with spantrout, the shoulders of RM deserve all the flak. But I must sound like a broken record on that issue. hopefully one day it will be heard by the right people and the management will change. I still think these guys have a great asset, it's just badly managed. I'm keeping a close eye on it because with good management, this company can hit great heights.
OEX Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held