Whats Macquarie got to do with it?
How can China find substitutions when we are one of the closest suppliers of large commercial quantities and have a lower cost of production then just about anyone in the world)
I'm taking "we" as in Australian IO generally, since this arguement really goes for BHP or RIO.
I don't get your thinking. I fully understand that you see BHP as overvalued on a PE of over 20. (I agree with you totally). All I am pointing out is that 1. They are actually trading on a fwd PE lower than 20 and 2. The market (which at the end of the day is what determines the price) SEEMS to be looking fwd 2 years to FY11 prices to "price" the stock.
I don't think our views are too different david i just think we're disagreeing about how to get there.
bhp headed for 17 with conservative pe ratio, page-16
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$40.36 |
Change
-0.190(0.47%) |
Mkt cap ! $204.9B | |||
| Open | High | Low | Value | Volume |
| $40.52 | $40.63 | $40.33 | $87.70M | 2.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 9871 | $40.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.37 | 2404 | 11 |
View Market Depth
| Last trade - 13.10pm 14/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |