LionEye

"Tt's clear that Resolution needs to do deals, and I would
expect it would need to do something quickly," said a senior
insurance industry executive who asked not to be named.

Legal & General (LGEN.L: Quote, Profile, Research), seen as a potential second target,
may have become prohibitively expensive after bid speculation
pushed its share price up 25 percent in a single week last
month, analysts said.

Time Warner CEO Jeff Bewkes wants analysts and investors to start looking at AOL and Time Warner as two different companies, even breaking out the results as though AOL is already separate. One reason: more than half of Time Warner’s 6 percent revenue decline for Q3 is the result of the continued access subscription declines at AOL (NYSE: TWX). Bewkes called the planned spinoff, still expected by the end of the year despite the lack of regulatory approval so far, “an important milestone for both companies.”

Time Warner CEO Jeff Bewkes wants analysts and investors to start looking at AOL and Time Warner as two different companies, even breaking out the results as though AOL is already separate. One reason: more than half of Time Warner’s 6 percent revenue decline for Q3 is the result of the continued access subscription declines at AOL (NYSE: TWX). Bewkes called the planned spinoff, still expected by the end of the year despite the lack of regulatory approval so far, “an important milestone for both companies.”

Time Warner CEO Jeff Bewkes wants analysts and investors to start looking at AOL and Time Warner as two different companies, even breaking out the results as though AOL is already separate. One reason: more than half of Time Warner’s 6 percent revenue decline for Q3 is the result of the continued access subscription declines at AOL (NYSE: TWX). Bewkes called the planned spinoff, still expected by the end of the year despite the lack of regulatory approval so far, “an important milestone for both companies.”

Single Most Attractive Oil Acquisition Target
Personally, we like management’s conservative style, up to a point. We do not want to lose our ownership of a valuable asset because a third party took advantage of a low stock price. COSWF stands out in our research as the most undervalued large cap, pure oil resource. Just as we like COSWF as an investment in a real asset at an attractive long-term rate of return, so might China, as an especially pertinent example. We want diversification in our portfolio from dollar-denominated assets, and so does China apparently. We think oil price is going up; China has a strategic need for the commodity itself and a hedge against the price. On-stream production, expansion potential, long life and relative political stability for COSWF are nice diversifiers to undeveloped resources in politically less stable areas such as Angola and Kazakhstan where China has also expanded.