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Exact(12)
Alas, this was at the top of the commodities cycle.
It is not just the commodities cycle that can turn.
The purchase, which saddled Rio with $40 billion in debt, was based on the premise that the commodities cycle was still some distance from a downward turn.
"It's not the end of the commodities cycle, not even close.
Then there's the strength of the dollar, which if nothing else is prolonging the commodities cycle at the very least.
The lesson was clear for Kumar, then at the South India plantation division: Tata needed to brand its tea to avoid the dips in the commodities cycle.
Similar(48)
"The reality is that stock price performance and earnings growth are linked to the commodity cycle".
In a few years, a commodity cycle went belly up, they had too much debt and lost shareholder value.
Clearly, depressed oil prices in 2017 discouraged activists from deploying capital in a sector significantly levered to the commodity cycle.
Dudley told the International Petroleum Week conference in London on Wednesday that the commodity cycle that saw oil prices hit $100 as little as eight months ago was not over.
This note argues that while commoditization of an industry may seem inevitable, the better managed firms find a way to make money in the commodity cycle.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com