One question is always being asked is how much liability insurance we need. It is always good to have some but too much is not necessary a good thing. Same thing maybe true for companies. Too much cash reserve is not necessary a good thing. Toyota has billions of cash reserves and it attracts so many lawyers right now in U.S. to sue damage. I am afraid all the cash will be spent on the court. An unfortunate truth is how much you will be sued depends how much insurance or cash you have. The more you have will not make things better for you.
Husky Oil (HSE) is trying to spinoff its Asian operation by the mid of 2010. My guess is they would sell the Asian operation to a Chinese company. It should give some supports for the stock.
The market is still range bounding. I will be interested in IBM (@120) and INTC @18.8
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