More from Peru!

Recently our Administration Director's daughter had a daughter.  Below I present a picture of four generations of Peruvian women!

I just got a report that the photo for at least one reader did not go through, here is a link that will show the photo as well:

https://mail-attachment.googleusercontent.com/attachment/?ui=2&ik=6d48d1c571&view=att&th=1391e14c25c5fb2e&attid=0.2&disp=inline&safe=1&zw&saduie=AG9B_P8tJ-6DSXZ5xTG7MiD1Dp2E&sadet=1344877500980&sads=e99NQPiSgSw9eWnNZrl6zU6ERa8&sadssc=1

Starting with the youngest member of the Ameru team and going counter-clockwise:

-- Camila Cardenas Rodriguez (born July 20)
-- Denise Rodriguez Pérez de Cardenas (Camila's mom)
-- Lilia Pérez de Rodriguez (Denise's mom)
-- Ana Pineda de Pérez (Lily's mom, and so Camila's great-grandmother)

I should mention that through her son Oscar, Ana Pineda is the only great-great-grandmother I know!

***

There's even more good news from Peru.  Our largest customer is a small group of businesses all controlled by one family.  They coordinate their purchases.  And they buy a lot of our staple Korean bearings for the Daewoo Tico, the old Korean car I have mentioned before.

The below shows sales of our front wheel bearing (both the Inner piece and the outer piece, a little unusual for car manufacturers to do that).  So, four pieces would replace the entire front axle's wheel bearings, that works out to 450 cars...

Ameru's Sale of Tico Bearings to Our Largest Customer
			Price
Customer ID	Bearing ID	Qty	(US $)	Amount
894826	02-6007-RS	200	$3.48	$696.00
306826	02-6007-RS	1200	$3.48	$4,176.00
845268	02-6007-RS	400	$3.48	$1,392.00
Totals		1800 pcs		$6,264.00

I mentioned in my "Review of Barron's" article last weekend that there are companies that have a "moat" that helps protect them from some kinds of competition.  Well, Ameru has a kind of a moat: Korean replacement bearings for Korean cars.