G'day all - hi Pat, thanks for the info. I ve three views of the announcements. 1) Obviously, VARL will have some competition; 2) VCO market must be very very good to attract people like SAWS to enter; and 3) knowing the dominance of VARL in VCO market and SAWS uneven performance in the past 3 years, albeit it was due in part of the Asian Flu, an external factor, SAWS will have to spend a lot of effort trying to break into VARL's turf, unless VARL somehow drops the ball, which is highly unlikely
Still, VARL should take this opportunity to tighten up her operations, for while SAWS may not be successful, there may be others wanting in. Of course, this also increases the possibility of VARL getting swallowed if the VCO is lucrative enough, since buying VARL is probably still the cheapest way to enter the market with a dominant position
best, Bosco |
