Archive for August 2nd, 2008

Business - North Adams Transcript
Business Monday, July 21 PITTSFIELD — Berkshire Young Professionals, a program of the Berkshire Chamber of Commerce, will host a Networking Social at the Lichtenstein Center

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Business Franchise Opportunities – Getting Started
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DHS | Business
The threat level in the airline sector is High or Orange. Read more.

Access Washington - Doing Business in Washington
Locate Washington State Government information and services available on the Web

Business Gateway Program Management Office | Business.gov
Learn how the Business Gateway program works to help small businesses start and manage their operations while complying with business laws and government regulations.

Business for Sale - Over 30,000 Businesses for Sale at Business Broker
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Business
View a list of TxDOT services and resources frequently requested by contractors, consultants and businesses, including construction reports, precertification information, tools and

Charlotte Business | Charlotte Observer
Business extra description No angry lines of customers after bank takeover. Customers of two banks shut by federal regulators were assured that each penny of their money was

Long Island Business and New York City Business, including NYSE quotes
Long Island business news, including complete coverage and news on New York businesses, Stock Exchange, Federal Reserve and much more

Chicago Business News, Analysis & Articles | lists, rankings
Offers daily local business news, plus links to public records and local and national business-oriented sites. Features personalized email alerts, business calendar submissions

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New data from Dealogic shows that July was the fifth straight month of growth in U.S. mergers and acquisitions activity — and the highest total since a year ago.

But it’s not quite as good as it looks. The data is skewed upward by foreign bids for American companies like Genentech (NYSE: DNA) and Anheuser-Busch (NYSE: BUD) and, according to the Associated Press, “the rise in M&A … more likely reflects foreign companies taking advantage of the weak dollar than it does a loosening of credit.”

But from an investors’ perspective, the cause of the increase probably doesn’t really matter. Deep value investors like Mohnish Pabrai have been struggling to post strong returns of late, in part because the private equity funds that could be relied on to purchase undervalued companies a couple years ago have brought their U.S.-based activity to a hault.

But now the foreign companies and sovereign wealth funds are in the game and, from an investors’ perspective, that’s just as good — whoever will purchase undervalued public companies at a premium will boost returns. The low price-book, low price/earnings, contrarian investment strategies that haven’t worked lately could be ready to begin working again, just as they have historically.

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