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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (30095)	2/18/2008 4:40:39 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78661

Re CNP/Pargesa: to be honest I am very uncomfortable with the incestuous relationships such companies have with their subsidiaries. It reminds me of Japanese or Korean conglomerates that ended up doing whatever they wanted except of taking care of their shareholders. The fact that it's majority controlled by some family is both positive and negative. Positive is that the subsidiaries may not screw the controlling (and other) shareholders. Negative is that the controlling shareholders may find in their best interest to do things that don't benefit small shareholders. And again non-advantegeous relationships with partially owned companies may be one of such deals. I'll skip. I loved the Yahoo UK company description though: "CNP, Compagnie Nationale à Portefeuille The Belgian company is the entity listed belonging to the group called 'Groupe de Charleroi' controlled by Baron Frère and his family who also own part of the shareholding." Sounds like something from Dan Brown "Da Vinci Code"... ;) And who the heck wrote this: "The simple, organisational and temporal strategy rests on a set of processes and projects, based on plans that are interwoven tightly enough to capture the scenario that corresponds to the reality of the moment and seize any opportunity that may present itself." Can I have what he's having? :)))) Preferably in the holy grail. :)