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Non-Tech : The Woodshed
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To: ItsAllCyclical who wrote (40167)7/24/2006 1:25:57 PM
From: hubris33  Read Replies (1) of 60910
 
Oh look! Our favorite NG is being swallowed up by ABX! Guess we have a new pattern in the PM market: big fish eating little fish before they can grow to a viable size.

Is there any point in chasing the 'almost producer' model anymore if 25% is the most one could hope for on a takeover premium? Looks like the buyers are waiting for the dip in prices before making their offers. Perhaps we'll see more M&A action before the seasonal bottom is put in.

H3
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