I think this is the kind of mindset we need to have looking at this as a long-term investment, just like buying property or land and waiting for it to grow in value.We still own this company, and it clearly has an important role to play in the future. To be fair, RG has done the work to get the company ready for what’s ahead by rebuilding its capabilities and setting it up to meet future needs.
Because of that, the company hasn’t been running at full profit capacity and most of the money has been reinvested back into the business. But even with all that reinvestment, the company has still been profitable.As shareholders, we’ve made sacrifices too, like not receiving regular dividends. So it’s only right that we get the chance to benefit from the long-term gains that come from everything that’s been put in place.
Ann: TOV: PGH - Panel Declines to Conduct Proceedings, page-28
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