Corus: Traders Thread, Long or Short

Thanks Iriwal - and a happy and prosperous 2004 to you and yours too!

Here is the link to the (faintly unbelievable) news story above, regarding the ISTC + KFAT proposed merger:

I have to say, I'm stifling a few giggles here - maybe that's naughty of me, but this seems to be a pretty unlikely congress! I can't quite deal with the idea of burly steelmakers teaming up with the lasses of the rag-trade in order to fight for a mutual cause. I know that's an over-simplification, but boy, if I didn't know it was for real, I'd be checking my calendar to make sure it's not April the First!

More to the point, I can't actually see much evidence of KFAT's ability to even punch UNDER its weight. A quick check of their website () under the News menu, reveals that their last press release was on the 20th August, 2001!

One would hope (surely) that they are more active behind the scenes than in public, if they can think of nothing to talk about for nearly two and a half years!

The cynic in me wonders if perhaps this is the final squeak that we'll be hearing from ISTC for a while. Which, imho, given the spanners they've managed to throw into the Corus machinery in the past, may not be altogether a bad thing.