Now’s the Time to Buy

March 20th, 2009 Leave a comment Go to comments

You just have to turn on the TV for one minute in any country to hear just how bad the economic situation is.  The reports flood in from around the world about how business is contracting, unemployment is rising, consumers are no longer spending and companies are focusing on cost containment rather than revenue growth.  However, it is in times like this, that companies should be looking to acquire new businesses – they are now trading at reasonable levels and many of them are looking to be acquired.  So why don’t managers take this contrarian approach?