Well, I do hope they're cautious. I've been reading reports on how WM said that a Chinese firm wanted 15% of Rocklands in early March, 2010, but didn't tell the ASX. The shares went up on the Chinese media reports. The ASX grilled him, he backtracked, then blamed the translator, and then, a week later, the Chinese firm formally said that discussions had ended. Blaming a translator is extremely poor form, and leads me to conclude that WM needs some cultural awareness training if nothing else. I am sure our man in China can do better. The whole thing makes me embarrassed.
CDU Price at posting:
$3.69 Sentiment: None Disclosure: Held
