csfb substantial stake to counter takeover, page-6

re: fantastic time to buy!! only 2% risk The target statement by PMM Director’s indicates that they took into account a range of factors, including media speculation of a 50% rise in iron ore prices for 05/06. As far as they’re concerned, they are of the opinion that $3.40 is pretty good. Everybody knew that iron ore prices were going to be pretty strong. Maybe CSFB should have been heavily buying PMM below $3, rather than above $3.50.