Seems they like indoor skiing in Abu Dhabi, at the cost of tens of millions. Me thinks our friends (err, boss men) with the mega petro dollars might prefer to have a *real* ski resort, with mountains, real snow, some sweet real estate and wyoming on top for a few nickels (MTN market cap just over $1bn=peanuts). MTN is like a rounding era on what they lose on financials like Citi. When you have tons of US$ you've got to use them on real assets of risk seeing your billions devalued=tbills=negative real interest rate. Remember what the Japanese did-history will repeat. MTN may be hurt in the short run by a weak economy (not that this has show up in the numbers, just a forecast), but it is a *unique* asset and as such greatly undervalued from a 10,000 world-view, trading back to 04/05 prices. There is a reason TASCX, one of the better performing deep value small cap funds of late (nearly flat in 2008!) is adding to MTN, when there are so many other options in an imploding stock market. I'd rather wake up with 100 shares of MTN on a 1, 3 and 5 year view than $3,600, that's for sure.
good point. maybe if there is a wave of arab skiers hitting the Vail slopes this will be a catalyst for prosthetic device makers. i hope you are right. i would prefer to see them heli-skiing out of bounds though.