Agusta - The Proton's Prize of pride and Arrogance

In line with the Malaysia Boleh Egology, the price the ignoramus manager paid is the prize they ultimately swallowed: RM367 million.



BUY: RM367 million

Objective: Parade someone's Pride and Prejudice

Mission: To conquer the Automobil World of Fallacies

Target: MV Agusta SpA

Due Dilligence: Lost-making company (technically insolvent)

Recommendation to the Board: Good Buy; Money or Money's worth!!!

RESULT: Acquisition Loss = $367million + operational loss (Undisclosed)

Conclusion: Failed venture

Reason: Chimera

Corrective Action Taken: Sell off at E$1.00

Lessons Learnt: Not Yet!

Lame Excuse: We (Proton) are not the only one that failed; MAS is no better than us!