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Thursday, August 14, 2008
Perfect Time for Takeovers
With the stock market bottomed and the dollar bottomed at least for this economic cycle, it is a perfect time for takeovers, especially for European companies taking over American companies. Its obviously happening already(BUD), but look for it even moreso now. Had the stock market bottomed but the dollar was still falling, it wouldn't be ideal for a European company to purchase dollar denominated assets. However, the stars are alligned right now, and the only thing holding companies back is the current lack of predictability in the outcome of the Presidential race. Hopefully, we don't give away the whole country in the process and have learned how bad a huge trade deficit and weak relative productivity can be.
Perfect Time for Takeovers
2008-08-14T07:30:00-07:00
Pat Barry
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