Conf call tomorrow. Will 'letter' be discussed?I can't help but think the recent letter will, at least, be a good catalyst for discussion in the meeting tomorrow. My interest in PIF is long, so the more I think about it the more I lean away from covernium's recommendation, because it sounds like someone anxious to sell their position soon.
I expect the geopolitical situation will always act as a drag on SP, but thus far management has grown, and diversified, the company while maintaining a clean balance sheet=income and rising tangible book value per share that creates a sort of rising floor under the SP, even if it doesn't trade at the same multiples as some competitors.
I look forward to the discussion.