RE: Having 2nd thoughts about the deal todayjettbar, There is nothing wrong with second thoughts. You are perhaps right.
Rather than buying this gem at this time, US financiers would rather pull out and sit on .... cash? Invest in the US auto sector? Ethanol plants? Canadian pulp mills?
I know! Buy 10-year US treasuries at 3% yield while borrowing Euros.
I'm thinking that this deal actually looks better as time goes on because other good opportunities are evaporating. It may look slightly more expensive than before but the deal was never exhorbitantly expensive in the first place.
Clearly the arb boyz and girlz don't fully agree. Yet.