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6 pts

Opinion on  BHP Billiton Ltd (BHP)     Sector: Basic Materials  >  Industry: Metal Mining
BHP will have to sweeten deal even more for Rio

Feb 06, 2008 09:56 AM UTC
Charliemunger
Return Risk
-5.73% LOW
Sr. Analyst

Short-term price target of $66 as market reacts to BHP having to sweeten Rio deal upwards from 3.4 shares.

Longer term I am bullish on BHP and iron-ore prices in general. When deal closes BHP will be supplying 1/3 of the world's iron and will be the biggest supplier of thermal coal, copper, aluminum and possibly uranium.


BHP:  This call was made on 02/06/08 @ $67.3
Rating:   Negative   $67.3 (02/06/08)
Closed:   04/25/2008 @ $82.59 (-22.72% in 79 days)
Target:   $66.00 (-1.93%) in < two weeks


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traderdrew   70%     0 point   commented 224 days ago reply

If the deal closes, this one isnt in the bag yet, so investors should still be wary of the potential risk if the deal doesnt go though.

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