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  • The steel industry is suffering from chronic over capacity, with production ability of 1.8B tons but expected 2012 orders of just 1.5B tons. And instead of cutting back, the sector is building more mills, often supported by governments. Major problems include the fragmentation in the industry and the political difficulties of closing plants - witness ArcelorMittal's (MT) travails in eastern France.  [View news story]
    "fragmentation in the [Steel] industry?" typically the solution is to 'defragmentate'...with a slew of mergers, takeovers and plant closures?
    Nov 28, 2012. 11:09 AM | Likes Like |Link to Comment
  • Time To Buy Vietnam  [View article]
    Great Quote..."A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be." - Wayne Gretzky

    "It also pays to keep an eye on the ice, that it is not melting below your feet!"- john evdokias
    Apr 17, 2012. 12:33 PM | Likes Like |Link to Comment
  • How Much Extra Cash Does Apple (Or Your Stock) Have?  [View article]
    and were does Apple keep most of this hoard of cash?

    a chunk is likely in other jurisdictions with attached tax issues if repatriated to the USA?
    Mar 7, 2012. 05:39 PM | Likes Like |Link to Comment
  • Petrobras: Maligned Stock to Benefit From the Continuing Oil Rally - Part II  [View article]
    These calculations are compelling; question is, how do they get to the oil so that the reserves can be monetized?
    Jul 26, 2011. 03:51 PM | Likes Like |Link to Comment