sparkly wrote:To give the devil his dues- the tire business is a tough business. The cost of raw materials and fuel in international mkt, volatile forex, cheap imports from the east. Nevertheless Sameer continues to deliver high quality n durable tires to the people of EA and employ hundreds. My worry is how long the company will continue operating on wafer thin margins. At this rate even replacing and upgrading capital assets will be a problem.
His greed made him drop firestone/bridgestone to build his own brand. Yana is still trying to create a brand presence of which firestone/bridgestone has in terms of being there for long and they still carry alot of firepower (brand presence & resources).
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary