Great response again. Re: currency risk, that's the
least of VTCH's problems. As some of you may or may
not know, I write for Microsoft Investor and maintain
a financial website. Evidently, the editor of an industry
trade journal, of which I had not heard, thought this makes me
an expert. He emailed me asking me to contribute my
analysis for an article they were investigating re: Vitech's
dubious business practices. Specifically, they are
interested to know why what Vitech is reporting in America
is so different from the business that's actually being
done in Bahia. Since I am not that type of expert,
I could not help him. I am not flaming this stock or trying to blow it
down with hype - I have no position. And I doubt there is anything
going on behind closed doors - the funny business is detailed in
every SEC report - sales to a company owned partly by one of the
brothers, generous deals for dad, out of proportion AR & inv
growth, and lethal cash flows. Just honestly passing
along info. If anyone wants, I could forward the original
e-mail to you. In any case, none of this means it won't go to 50
and find creative financing to help it along every step of the
way.
Good Investing,
Michael Burry |
