csr another bluescope? downward spiral, page-6

Perhaps this was what happened to CSR's share price today:

http://news.smh.com.au/breaking-news-business/building-approvals-fell-78-in-feb-20120402-1w7jz.html
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Building approvals fell 7.8% in Feb
April 2, 2012

AAP

Australian residential building approvals fell 7.8 per cent to 10,771 units in February.

This compares to an downwardly revised 11,688 units in January, seasonally adjusted.

In the year to February, building approvals were down 15.2 per cent, the Australian Bureau of Statistics (ABS) said on Monday.
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Economists' forecasts had centred on a 0.5 per cent rise in approvals in February.
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I remember Valad Property Group (VPG) fell to its pre-consolidation price and then got taken over (at double the then SP). I always remembered that as some kind of thing to watch for (although there are no real rules in the ASX- just chaos). CSR has now fallen 2/3 since the 3:1 consolidation, taking it back to the pre-price. At some point, it would have to look attractive to suitors (asbestos claims notwithstanding), because the building sector is not always going to remain poorly, and predators look at the long term.