30. What are your plans for COMPUSA and what is your opinion about this investment?

We started with the left foot in CompUSA.  The computer margins dropped significantly and then we were wrong about its management.  We erroneously left management there too long.  Normally two or three of the highest level executives join the companies we invest in and run them, stabilize them and stay and operate them, and we did not do that in this case.

Then, we had an erroneous startup beginning with a very unfounded famous lawsuit, with a definition that ended in the Supreme Court and recently, after five years, the judgment passed  was in our favor.  Five years of litigation due one person having American lawyers who earn their living from lawsuits and manipulation of the juries.  And we made a mistake by keeping on board inappropriate management.  Now, we’ll see, we’ll see if we can do better.

<< back next>>

Official Site. Copyright © 2014.