CEO said ~ very early 2012. "if successful, wants to sell part or all of the company"
~ 8-9/2013 he said " if we are the ones launching it"
This is one market and need they a small focused sales force could handle directly if need be or that's what they decide is best for all.
Everything is going to plan
I believe they will be fine. On the brighter side, we look at PBR… supposedly sitting on some of the largest reserves on the planet and they and their government are so corrupt that they use the company and their oil as a giant ATM for personal use and drew everyone else. This is not that co. We will be fine.
An excellent company that now also diversified to include oil and gas with its large acquisitions done last year. Prior they were primarily know to investors as a copper producer, but they also have gold, molybdenum, cobalt, silver, rhenium and magnetite and now they are diversified into oil and gas, which IMO should make them better/stronger/more stabile longterm. I'll take the nice dividend, add if it drops substantially, not worrying about fluctuations and talking heads on TV. And slept well own this long into retirement.
Fool article: Micron stopped paying a dividend in the 1990s, but with its current strength and growing profit margins, some would like to see the payout reinstated. Meanwhile, some wonder whether the company might be acquired by a bigger technology company such as Intel or Apple. Its forward price-to-earnings ratio near 11 makes it even more attractive.
You make do well purchasing depending on your timeframe. Honestly this is the worst holding I own. I've been in since 20s and added 11-12. I will never add again. And I will never invest in companies primarily doing business in Brazil, south and latin America. I din't learn my lesson on PBR. The government currency issues can be killers and ARCO doesn't have control over those. Hopefully, I'll see this at 40-60 someday. I'm holding, but I'm beyond disappointed. Besides the communication from management to shareholders has been piss poor. Perhaps that will improve and that's something they can control.