Izabella Kaminska dissents from the fashion of calling the Glencore IPO a top in the commodity...


Izabella Kaminska dissents from the fashion of calling the Glencore IPO a top in the commodity mania. Bull markets, bear markets, backwardation, contango ... Glencore profits no matter what. Access to cheap funding is probably more important to the company and the IPO will provide plenty of it.

Comments (2)
  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
     
    "Access to cheap funding" has been the source of most recent fortunes.
    19 Apr 2011, 01:27 PM Reply Like
  • Spencer Knight
    , contributor
    Comments (389) | Send Message
     
    If something as simple as Zipcar can bounce so high on its debut, Glencore should be able to do very well.
    19 Apr 2011, 02:14 PM Reply Like
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