BHP or RIO could easily Swallow AA as a TIDBIT SNACK!
BHP could use half a year/borrow and buy ALCOA for $25 BILLION!!!
Reports of $30 billion profit for BHP
Billiton By Jessica Burke on 14 February 2011 0 comments BHP Billiton is expected to record a massive pre-tax profit of $30 billion for the financial year.
Reports in London’s Sunday Telegraph stated that the miner will announce over $15 billion in half-yearly profits on Wednesday, a significant increase from its full-year pre-tax profit of $19.6 billion in 2009.
The expected results follow the $14.4 billion full year results the mining giant announced last week.
The Telegraph also reports that following pressure from institutional investors, BHP is expected to return profits, into the billions of dollars, to its shareholders, including a rise in dividends and a share buy back scheme.
Comments: Obviously, this is an “excellent” valuation, however not a corresponding top target price projection. Valuations badly beats Apple quite, so what is wrong? There is "not much" with the current fundamentals but a lot with its technical and consensus analysis! I do believe AA is a longer-term winner. This is why it is wise to compare and update - frequently. This work / analytics is for you to consider possible taking positions at a future date. However, investing at this time may not be wise.