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Buy, Sell or Hold: Mine Profits From BHP Billiton
With BHP Billiton Ltd. (NYSE ADR: BHP), it’s a case of the strong getting stronger and possibly even running away from the pack.
Back in 2001, BHP Ltd. and Billiton PLC merged to form BHP Billiton Ltd., the world’s
leading diversified resources group. And it never looked back.
Now, the lowest-cost natural-resources producer with the broadest portfolio of offerings, BHP superbly positioned itself to weather the current global downturn. Indeed, back in June the company reported its seventh-consecutive year of record profits. Financially, the company is well positioned to maintain its high level of investment in its business.
And because the Melbourne, Australia-based mining…
30Dec2008 | Money Morning | 0 comments | ContinuedHot Stocks: Despite Lowered Target, Vale Still Poses Potential 59% Gain, Analyst Says
Riddle me this: When is it good news when an analyst slashes his price target for a stock by 55%?
Answer: When that “reduced” target price still represents a 59% gain.
That’s precisely the scenario facing Companhia Vale do Rio Doce (ADR: RIO), the world’s biggest iron-ore producer. Felipe Reis, an analyst for Banco Santander SA (ADR: STD), yesterday (Monday) slashed his target price for the U.S.-listed shares by more than half, stating that the worldwide outlook has become “more challenging.”
Reis, who previously had placed a year-end 2009 price target of $40 a share Vale’s U.S.-listed American Depository Receipts (ADRs), now says…
19Nov2008 | Money Morning | Comments Off | Continued
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