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BHP Billiton Limited Message Board

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  • gobayby gobayby Dec 16, 2009 10:14 AM Flag

    Overvalued?

    Go back and analyze the Annual Report and the Notes to the Financial Statements @ 6-30-09, especially the Income Statement. Examine the several non recurring "exceptional" items like, e.g., the write-off of Ravensthorpe.

    Then consider that BHP with a fiscal YE took the whole brunt of the recession in one reporting year. You will find the "static" P/E ratio is SOMEWHERE in the neighborhood of $16-17 in a real, meaningful sense of Income. You can't trust yahoo's figures, or hardly anyone else's. You have to do your own due diligence.

    The P/E estimate is a snapshot in time using "Old" net income and O/S shares for with today's SP also. Who knows what the forward P/E really is??????

    Also consider the current, and, debt to equity ratio's. Finally think about the on going growth of BHP.
    See what you think then.
    Just offering the way I see things FWIW.

    Regards!

    Gobaby

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    • issues bonds over sea sounds but not @ home anybody know why?

      Anybody wonder why a breakfast that used to cost $1-$2 now cost about $5-11$ oh wait I know the CPI X's out food and energy, what?

      Just a while back people where screaming because of three dollar fuel now "par for the course" or perfunctory?

      $100/bbl next? Oil rulesQ!

 
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