Im still in...in fact topped up more at $3! I agree with you on forward orders, though the resource slump will cause revenue/ebit contraction...but when it becomes a flight to quality next year DOW will be there. Not all mines are going into C & M, and in fact some miners still moving fwd with l/term planning. The extension to Newcastle coal handling wasnt going to have a commissioning date til around 2011 from memory so hopefully they are still full steam ahead with $4b spending there, let alone all of the infrastructure spending in roads, rail, wind power and transmission line upgrades.
DOW Price at posting:
$3.48 Sentiment: LT Buy Disclosure: Held
