RE: RE: RE: RE: RE: RE: RE: RE: Follow the herd atFor the majors who are heavy with Cash, this cash is doing NOTHING for them sitting in a bank. Strategic moves will be made as they plan for the future.
Your thoughts that fear of a double dip will keep companies from making moves? Well I would suggest that this is true for companies without vision. Some of the largest (and most successful) companies were made based upon courageous actions during times of great uncertainty. (ie: world wars, market crashes etc)
If you want to research ArcelorMittal. Check their acquisitions during the Asian market crash of '97-99. I think Lakshmi Mittal is ranked 6th on Forbes richest Billionaires.
Teck would be foolish to pass this up. Will they? perhaps, but I give more credit to their mgmt than this.
F