I’ve had the pleasure of meeting Mr. Heinecke on two occasions and have been following MINT (its former ticker was RGR when I started working) and I’ve seen how MINT has grown and grown and grown to the point where Central Group mimic’s their business model with Centel, to the point where almost every Thai hotel owner is now developing their own hotel management brands, to the point where his ideas/business expansions are mimiced day in/day out by other companies/families in Thailand. And the fact remains, the value of MINT has gone up 10x in 10 years (excluding dividend and warrants), thus you can’t say he doesn’t know what he’s doing. So enjoy the snippet below and the link to the full article.

What’s important to investors is Heinecke’s ability to do business successfully in Thailand in a manner acceptable to foreign shareholders, says Joel Silverstein, president of Hong Kong–based East West Hospitality Group, a consulting firm. “It is very rare indeed to find a Western entrepreneur in an emerging market succeed to such an extent while still adhering for the most part to Western business practices,” Silverstein says.

Source: Bloomberg