Sunday, February 12, 2006

Sour Grapes, Mr Salgado

Ricardo Salgado's interview, "live from Marrakech", was a real case of sour grapes. Was his interview so important that a camera crew was justified in flying to Morocco? No, as it turns out.

He had just seen a major investment increase in value by 20%. Sour grapes must imply that, even so, this increase is not enough for him to sell at a profit. Maybe he should review the original investment decision.

He has no controlling stake. Who is he to say that the bid for PT is undervalued? If PT is so clearly undervalued, why doesn't he present a higher bid? Can't raise the money? I guess we all have our limits, eh! Wrong strategic partners this time, I suppose.

No comments: