In his presentation during a session called "State of the RealEstate and Capital Markets," Fisher said one of the factors in thedecision to take the company private was that it wanted to pursuedifferent areas of business. "In 2005, we felt we had exhausted ourability to grow our share price," Fisher said. "We really wanted topursue infrastructure development and felt we should operateprivately."
By operating privately, a company does not have to makequarterly earnings calls, during which time vital information aboutthe company's strategic direction may be revealed encouragingcompetition. "We didn't want to announce to the world where wewanted to go because it may encourage competition," he said.
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