Ryerson (RYI) Update
Today steel producer Ryerson (NYSE: RYI) jumped 7.3% on a rumor that private equity firm Apollo Management LLP would make a bid between $44 and $46 per share. On April 9th I mentioned Ryerson as a buyout candidate. I recommend taking profits and moving on. If you still want to hold the shares I would sell calls on your position.
posted by Big Ben at Monday, April 23, 2007
1 Comments:
The textiles industry has attracted foreign direct investment (FDI) worth US$ 861.47
million between April 2000 and September 2010, according to data released by the
Department of Industrial Policy and Promotion.
NSL Textiles has set up a textile processing facility at Chandolu near Guntur,
Andhra Pradesh with an investment of US$ 64.23 million.
TT Ltd, an integrated textile and knitwear manufacturing and exporter, plans to
invest US$ 33.46 million to enhance its yarn making capacity and retail
venture.
Textiles Company Alok Industries will be investing US$ 193.46 million over the
next two years to increase capacity across its product portfolio. The amount
would be spread equally for the two-year period with an investment of US$
96.73 million being made each year.
Regards,
Commodity Tips || Mcx Zinc Tips
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