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DewDiligence

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DewDiligence

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Re: jbog post# 4979

Wednesday, 05/16/2012 9:54:41 AM

Wednesday, May 16, 2012 9:54:41 AM

Post# of 30493
BHP—Nasser said the tailwind is moderating—not that it is turning into a headwind. Moreover, as BHP cuts back on capital expenditures, it will have more cash available for share buybacks and dividends, which ought to help stabilize the stock price.

All told, it’s not a pretty picture, but I don’t see this as a sell signal or the undoing of the main premise for owning the stock.

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

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