Increase of the price of gold, and other commodities, with the devaluation of the US currency the price is sure to increase with news in Asia. China will eventually allow both BHP and RIO to price their iron ore for Western Australia with a huge premium, which would be cheaper than shipping ore from South America to China. Therfore, the devaluation of US currency, and rises in commodity prices see a positive for this stock.
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JP Morgan is going to take them out for $10 a share. Expected to close by April 8. Unless they get an even better offer (which I highly doubt), there's no reason for the stock price to be higher than the target price.Forecast: $10 by April 8, or otherwise 2 weeks from today.
From Zack Analyst Blog: Hold Canadian National Railwayhttp://zacks-investment-research.bullpoo.com/2008/3/24/-Hold-Canadian-National-Railway-/30875/
From Zacks Analyst Blog: Maintain a $60 Target on Guesshttp://zacks-investment-research.bullpoo.com/2008/3/24/-Maintain-a-60-Target-on-Guess-/30902/