We are not a trading company. We are a midstream asset company: pipe, storage and terminals. It's an unsexy, dirty business. It's not rocket science.
Sentiment: NEGATIVE
We're talking to every third-party supplier every day of the week, and our traders are talking to them and buying products from them. When we're doing that, we see opportunities which no one else sees.
We sell to businesses who sell other stuff, so we're just going to concentrate on doing that.
The big companies are like, It's so good but we don't know how to market it.
My pipe business I created from scratch; my media assets and bank I bought from the secondary market.
Our marine terminals are invaluable commerce infrastructure, not only to our country but also for the many foreign manufacturers who sell primarily in the U.S. market.
High-frequency traders are firms all around the world. They're massive investments.
We don't have sales trading, brokerage, capital lending - any of those kinds of things that got some of the Wall Street firms a little bit in trouble.
We're the real estate industry - not the manufacturers.
Anytime there is a new, interesting space that comes along, there are a bunch of companies that enter the market.
I don't think it's a good idea to plan to sell a company.
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