RE: Potential Investor question
Thanx fore the insight. Consider the following and let me know ur opinion
1. The currency appreciation: Labor costs would not be as substantual as in the US, CA or EuR. Assuming varying grades of devaluation of the USD$ whats a workers costs to the company mean?
A worker that previously worked for 75 cents/hr is now costing $1.25?... Still cheap labor. Now industrial mine material, iron, energy,equipment... that may be another story..
2. I have noted that MMM suffers from this same condition of apparent undervaluation. I don't think the potential for political problems is as serious as appears as reflected in the lower price. The Chinese want badly to get into the two and three letter world organizations. They will most likely behaive themselves. (but they might have to dump the US$$)
3. I've been to Asia seveal times and the Asians are kick-ass businessmen and wheeler-dealers...
thanx
nonrev