Tuesday, October 14, 2003

No News is Good News??

A week plus has gone by without new postings...what's up? Here's what's up...business activity is heating up all over. We're seeing a lot of m&a activity, a lot of nda's getting signed, commercial deals getting struck, due diligence occuring. Does this mean new businesses are getting birthed? You bet. People are beginning to take risks again: a necessary requirement for start-up's to start up. Sectors getting attention are, surprisingly, dot-com's, telecoms, technology, media, real estate, consumer retail, f&b, among others. The theme seems to be 'clear and present value' whether in the form of cheap valuations or strong cashflow streams or both. According to one market participant, "the long dark night is finally over". Looks like he's on the money.