streetwise wrote:Is this good or bad , please provide your understanding of the situation
Could be good because:-
1. It gives the government more time to revive the factories.
2. More time to create a good cane supply and support relationship with the farmers.
3. Will most likely result in a better selling price of the factories.
-these are the first 3 I can think of right now.
Bad because:-
1.Allows for more political interference and underhand dealings in the sale process.
2. Would likely discourage potential bids.
3. The governments intentions are slow and a year to privatize, restructure and sell have just been interfered with.
Personally:-
This privatisation process has taken too long and my money is too idle in this stock. I want to see some profit, I'll take the sugar later.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham