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    iron-investing

    Are tools, iron in Warren Buffett’s sights?

    Investing News Network
    Mar. 31, 2011 08:56AM PST
    Base Metals Investing

    Reuters reports Warren Buffett’s hunt for a large acquisition could lead to targets like Eaton (NYSE:ETN), Illinois Tool Works (NYSE:ITW) or Cliffs Natural Resources (NYSE:CLF).

    Reuters reports Warren Buffett’s hunt for a large acquisition could lead to targets like Eaton (NYSE:ETN), Illinois Tool Works (NYSE:ITW) or Cliffs Natural Resources (NYSE:CLF).

    The market news is quoted as saying,

    All of them are trading at enough of a discount to analysts’ expected earnings growth for the next five years that Buffett could pay a 20 percent premium and still be getting value in the deal.

    For the complete market news, click here.

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