Undervalued...undervalued...Worth much more than the stock price. Commodities will rise in price and this stock should increase at least 3 fold and I will not predict it to go to 1000, even though it is undervalued.
Just as the business world is dependent upon commercial paper as its life blood, the world of global trade depends on letters of credit (LOC). Without LOCs, the world of trade quickly freezes up. As result of Letter of Credit Frozen is shipping for coal, iron ore and other commodities will fall because banks are guaranteeing fewer loads. Accordingly, prices for most commodities will be elevated. Moreover, there is a very real risk that various economies will start to face stresses in this time of "Just In Time Delivery" as very small stock piles vital commodities quickly get vacuumed up by ...
Eoin Treacy of Fullermoney says that as commodities prices weaken, you need to look carefully before investing.
Q. Eoin, I've read that China's annual consumption of copper has declined from a 28.66% growth rate to 2.4%. What does that mean for continued growth in China and also for the global copper market?
A. China and indeed much of Asia and the Middle East are in a generational-long period where they have to build infrastructure from the ground...
Huge very undervalued company! EPS is growing at incredible rate. For myself the price is too high to diversify thankfully they are optionable. Spreads with 2010 Leaps. Best solid trade of the fifteen for the next 6 months.
When it comes to the worldwide metals market, gold may get all of the attention but other, more durable, metals such as steel and iron have proved to be much more profitable. For instance, the price of gold is actually down 2% from mid-January, but steel prices are 50% higher.
The iron ore quality of Rio Tinto is quite good which is the reason why BHP is behind it in the first place,proximity to China,iron ore prices are going to increase and there is nothing much China can do about it.The chinese stake in RTP may prevent the merger from going through or it may lead to a bidding war-I see no downside .Either way I am happy with the solid fundamentals.
Stocks finished higher for the week, leaving the Dow Jones Industrials and broader S&P 500 at record levels, despite lingering concerns about the subprime mortgage market and the health of the economy.
The aforementioned concerns were based primarily on the lowered outlooks from Home Depot (HD) and Sears Holdings (SHLD), as well as a warning by Standard & Poor's and Moody's Investors Service credit rating agencies that they are downgrading ratings on several hundred securities involving sub-prime debt.
Rio Tinto plc and Rio Tinto Limited operate as one business organization (Rio Tinto). Rio Tinto is an international mining company. The Company's principal product and global support groups include Iron Ore; Energy; Industrial Material; Aluminium; Copper; Diamonds; Exploration, and Technology.
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About Rio Tinto plc
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