There is a lot of cash around at the moment, and established infrastructure with stable cash flows is an appealing investment.

Because of their high yields and stable cash flows, utilities are defensive stocks. But with deregulation, part of the business -- the power generation piece -- is exposed to supply and demand concerns where it wasn't before.

Global steel prices are simply unsustainable.

For Patrick, it's great for shareholders because it should see them garner a higher price.

It's a very appropriate price for Patrick. Toll is going to become a very powerful player in the industry.

And our market is being helped by a bounce in commodity prices, after they were heavily sold off in the past few weeks.