And save for a couple of exceptions, the producers had all turned out admirable wines at some very good prices.

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And it is very good at setting prices based on scarcities, technological advances and consumer preferences.

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"Recently, we have been able to take advantage of the weaknesses in the marketplace and pick up what we think are very good properties at very attractive prices and they are performing well for us, " said Art Slusark, a spokesman for Meredith.

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"Being pioneers, New World managed to get some very good projects and bought land at very cheap prices, " says Pang.

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While we understand the reasoning behind it, we believe that the decision to sell such a huge stake in ICBC at a time when stock prices across global markets are repressed may not be a very good one for Goldman in the long run.

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It is very likely that 2013 will be a very good year for HDD companies as a result of constrained supply in 2012, particulalry if prices stay at least someone above the pre-flood levels.

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