Lets go South of the Border and head to Mexico with Grupo TMM SA (NYSE: TMM) , they are a Mexico based cargo and transport company. Now before you jump to conclusions let me map this scenario out to you. Their main business is transporting for clients throughout Mexico, whether it is trucking, railcar or container. Now the stock has a 52-week high of .70 and a 52-week low of .70 with an EPS of .67 and a P/E of almost 3. The industry average is a P/E of 11. Now the interest in little Grupo TMM is not high but institutions hold over 69% of the float and insiders and 5% holders hold over 45% of the outstanding stock.
When I decided I wanted to be home more with my kids, I was able to successfully open my own business because I knew how to market. And, it continues to allow me to successfully open new business ventures.
In fact once Raju and I were traveling together in his car to a function when a senior correspondent of a weekly news magazine rang me and asked me which business leader was Raju’s role model. I covered the mouth piece of my phone and asked Raju. He said Jack Welch. He was a bit taken aback when in front of him I gave a detailed statement on why he admired Jack Welch of GE. The magazine quoted Raju verbatim in the next issue.