Tata Steel's Acquisition of Corus (B) |
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"The company (Tata Steel Group) has not brought down costs to the extent they should have. There is more bad news in store, as the Corus Group disappointment is still round the corner." 1 - Niraj Shah, Senior Analyst, Centrum Broking2, in October 2009. "You don't buy looking at the short-term, but the long-term future of a company. Corus was a very good buy as its fundamentals are quite sound. However, it's poor show on the books has got nothing to do with its fundamentals. It's a victim of the current global downturn." 3 - B. Muthuraman, Managing Director, Tata Steel Limited, in March 2009.
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1] "Tata Steel Q2 Profit Halves; Weak Oversees Demand," www.livemint.com, October 28, 2009.
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