Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,624.70
(
0.00%
)
US TECH 100
23,569.60
(
-0.95%
)
Dow Jones
46,225.15
(
0.00%
)
Brent Oil
108.41
(
1.72%
)
Bitcoin
69,341.24
(
-2.67%
)
News Focus
News Focus
Post# of 30493
Next 10
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 842
Posts 122795
Boards Moderated 10
Alias Born 09/05/2002

DewDiligence

Member Level

Re: DewDiligence post# 249

Wednesday, 06/16/2010 7:37:23 AM

Wednesday, June 16, 2010 7:37:23 AM

Post# of 30493
Bizarre reason for BHP downgrade:

http://www.marketwatch.com/story/bhp-billiton-fresnillo-lonmin-cut-at-jp-morgan-2010-06-16

Mining giant BHP Billiton was downgraded to underweight from neutral at J.P. Morgan with the broker saying that the move reflects the firm's valuation premium to peers and lack of operational and financial leverage to any one commodity.

This is funny because BHP’s broad diversification is the main reason I consider it a core Natural Resources holding. (Please see the table in #msg-40564651 for details.)


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now