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Also, have you taken into account that the HKJV is going to begin supplying Asia very soon. You really think even with curriencies as they are that UUU should be selling under book value?
Please explain what your belief of Asian supply is based on. If it's happening "soon", I am surprised that the [ress release didn't mention it as it would obviously be of interest and put a hopeful gloss on the quarter.
Well, Universal Management is not stupid. Sure, they failed to predict the drop in the CAD... otherwise earnings wouldn't have been too catastrophic this quarter.But they told that they realize the need to diversify HKJV operations globally and are working on meeting that challenge right now.Dave