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Resource ID: #18412
Source:Wall Street Journal (New York)
The Wall Street Journal examines opportunities to buy cheap in a sinking economy. The story focuses on Cleveland business climate, and the steel industry in particular. The article points to acquisitions of cash-strapped companies by other having the money for new operations, but also finds that the risk is high. "Those that have the resources often don;t have the stomach to buy much of anything, regardless of its long-term potential," the Journal reports.
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