2M=2S for Stocks from This Industry
The term ‘Vedanta’ will prove to be unintelligible for the average North American stock investor. It refers to ancient scripture from the sub-continent of India. An industrial group named ‘Vedanta’ has ended May 2008 with a move that at first sight, appears to be less than intelligent. It has bought the copper mining assets of a bankrupt U.S. corporation. The move, on deep reflection, is really as wise as can be expected from the timeless civilization of the Indian sub-continent. Copper is a vital ingredient of the modern world economy. Vedanta has bought the U.S. copper mines without legacy liabilities…