A little too much, but . . .
focus is mostly consumer banking etc., if they have
Smith Barney or whatever that Travelers firm is, now
your talking competition.
accounting and consulting. Competitor???
Where is MER
MSDW JPM Goldman Sachs etc. in Turkey? Have you found
them there too? Actually having one competitor like
Citibank is a good thing. An absolute pioneer usually
earns a few arrows in the back (see below).
a little early in S. Africa, but I think they had
the right idea. If you don't have a few write offs,
your probably not trying hard enough.
Its getting on twenty years since you
relinquished power in Ankara. While you've been keeping busy
chasing Kurds, that's not a such a great stint. Those
crazy bastards shoot back.
garrisoning Club Med.... er.... Cyprus is an excellent R&R
ploy, we RJF shareholders are prepared to welcome you
with open arms, flower tossing children, fresh,
spring-break American college babes, and all the dried dates
you can eat if only you'll do us one
Invade Tampa Bay, and carry out a coup at
RJF's leaders are far more incompetent, and stupid than
any self-respecting Turkish peasant would elect for
you to replace. Whatever you do with the James gang
(perhaps the Midnight Express package), spare the one they
call the 'TEC BOY'.
He may fetch a fair price for a
white slave trader as a eunuch, or house
Dear Generals, if not for us, then think of
yourselves. Now that they've set foot in your homeland, they
can only wreak catastrophe upon you which'd make
Attila the Hun's hordes look like
Not necessarily, but the provincial James gang is
struggling with grasping the fundamentals and nuances of the
American market (that mysterious northern land where snow
falls, hills and mountains rise, and the inhabitants
routinely use the gifts of the gods, fire and the
First. RJF is NOT the first to see investment
possibilities in Turkey. Here are just a couple familiar
financial firms rooted in Turkey AND MAKING money.
It's a middle eastern nation with the establishment
yearning to integrate with the West. The political
situation is shaky with the military always primed to step
in when they feel incompetency, corruption, or
recently Islamic fundamentalism threatens the 'well-being'
of the nation.
Turkey energetically strives
to become a major exporting nation, and to develop
internally in order to battle the low standard of living of
its relatively huge population so that economic
opportunities there abound. In short the laws there are very
conducive to attracting foreign capital. And Turkey is
uniquely positioned geographically, and culturally as a
gateway to Europe, the Middle East, and the Central Asian
BUT if RJF is looking to just exploit the cheap
labor situation willy-nilly then here we'll see another
complete fuck-up like South Africa, and the abysmal
performance in India, and the zero impact of Argentina.
Turkey, like all these nations offers great possibilities
in terms of hardworking people peppered with
Turkey is great
agricultural producer, and beyond being self-sufficient is
exporting large amounts of produce abroad. European
companies (And the American Kraft General Foods) are
heavily involved in the agribusiness there ranging from
food processing to irrigation projects.
well established industries in textiles (its largest),
petrochemicals, chemicals, basic metals, motor engines,
electronics, and very competitive construction firms. Turkey
posesses ambitious hydroelectric projects, along with
mining operations digging out iron, copper, manganese,
lead, zinc, bauxite, & sulfur.
Turkey is heavily
investing in upgrading its infrastructure from
telecommunications to power plants so that there's money just
waitin' to be made there. Also free zones with special
incentives (Tax free, strikes are ILLEGAL, unrestricted
earning transfers, etc...) exist to entice foreign
ventures to become involved in anything from manufacturing
auto parts to textiles.
Although not yet a
member of the European Union Turkey enjoys the most, and
closest economic benefits of any non-member. This grants
Turkish goods fairly unrestrictive, untethered access to
those huge, 'rich' consumer markets.
companies already are raking in revenues from this land
from LOCAL operations, among them;
Andersen & Co, AT&T, Chevron, General Electric, Hewlett
Packard, IBM, Litton Guidance & Control Systems, Lockheed,
Mobil, Texas Instruments, Westinghouse, American
Express, Amoco, Bank Of New York, Chase Manhattan, Colgate
Palmolive, Ernst & Young, Eveready, Gillette, Goodyear,
Honeywell, R.J. Reynolds, Johnson & Johnson, Ralston Purina,
Kodak, Procter And Gamble, Singer Sewing Machines,
Chiquita, Chemical Bank, General Motors,.......
surest signs of an advanced civilization- McDonalds,
Wendy's, Pepsi, Pizza Hut, Kentucky Fried Chicken,
Baskin-Robbins, and Levi jeans.
exist to make money in Turkey terms of resources, &
markets, as witnessed by other firms.
added ingenuity, and savvy to the mix.
how the clowns bouncing off the walls at RJF turn
this into another turkey.
Hi, I'm back. Nice to see IU still owns the stock
despite his continuing vitriolic tirades. If he sells, we
might all have to head for the door (or rejoice,
depending on your perspective)
Word has it that RJ
has some extremely dialed in partners in Turkey, with
the kind of connections is takes to get deals done.
Who you know matters A LOT in less developed
countries. I have also heard the same about them in
Argentina. If true, the opportunities may be substantial.
This business is continually rewarding entrepreneurial
endeavors with outsized returns (witness e*brokers, high
yield resurgence, etc.)
Although RJ has missed
the online game so far, these types of deals have
huge home run potential, especially with market
inefficiencies and evolving privitization of state-owned
enterprises (Petrobras, British Steel, etc.)
profanity that occasionally pops up is REALLY unattractive.
I prefer a "supple wit" any day.
Get it cheaper over the internet @:NEW YORK
(CNNfn) - Electronics retailer Circuit City Stores Inc.
said Tuesday that it is launching an online shopping
site in July offering products ranging from computers
to vacuum cleaners.
Circuit City (CC) said it
will initially offer about 700 different brand-name
products for sale over the Internet, including CD players,
TVs, fax machines and telephones. The company said it
expects to expand the offerings significantly by the end
of the year.
The Richmond, Va.-based company,
one of the biggest electronics retailers in the
nation, said it plans to link the Web site to its chain
of stores by allowing customers to order products
over the Internet, then pick them up at the store to
avoid shipping charges. Customers also will be able to
exchange items at the stores instead of shipping them
"With Circuit City's E-superstore, customers
will find convenient and money-saving options not
available from Web-only retailers," CEO Alan McCollough
said in a statement. "We believe the tight integration
of the Circuit City Web site and our superstores
gives the customer the best of both worlds."
said that the company has learned through its direct
order PC business that customers buying big-ticket
items prefer to pick them up at the store, in part for
Circuit City operates 546
superstores, two consumer electronics-only stores and 46
mall-based Circuit City Express stores. The company's stock
was up 2 at 82-1/4 in Tuesday midday trading.
Electronics retailers have been doing swift business recently
as the American economy continues to boom. Circuit
City said earlier this month that its fiscal
first-quarter earnings, which are due for release Wednesday,
should exceed analysts' expectations by about 5 cents
Very volatile as Monday they got slammed over
interest rate fears and yesterday they rose like there was
never a problem. We said a month ago this sector would
remain lumpy and it has proven very true. So until the
interest rate flap is over, daytrading them or taking very
short term holds is the key to making something here.
The big money centers look like they want to go, but
again the market is too nasty. C, CMB, and AXP are the
ones that are trying to go. A host of others will do
well once we settle
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