“With the technology swoon of the last couple of days, this is actually a pretty good showing. Even though they had to reduce the actual pricing, I think this gives investors some leeway in terms of looking for a profit.”
“Investment bankers were being a bit too optimistic in terms of deal flow. The market has stabilized but I don't think there is a lot of enthusiasm yet. We are not yet in a strong, up market. Putting in 30 deals, when a couple of weeks ago there was hardly any, may have been too much to bear.”
“For the most part this really attracted income-oriented investors. Shamrock's business is relatively stable but there are some risks involved. The company depends on Ultramar and increased delivery of oil.”
