re: Ann: CVN's September 2010 Quarterly R... Farming out is simply about risk management. Something CVN has proven to be very good with. If they had chased rapid expansion as many share hodlers where pushing for pre-gfc we could very well have gone bust. Instead we maintained a healthy cash balance, expanded reserves and positioned ourselves beautifully for sustainable, low risk expansion. I'm far more comfortable leaving the management decisions to Ted than over zealous sharehodlers.
Ann: CVN's September 2010 Quarterly Report , page-39
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