BHP may have bled probably close to $100bn in shareholder value, however it’s been a stellar investment nevertheless simply because of its legacy assets. Buy a business that a monkey could run - BHPs iron ore, coke and copper division is just that.
Whilst I agree BHP caving into left wing pension fund ESG demands is insanity at best. WPL, which I’m also a shareholder in will get the great benefit and also synergies. So bring it on.
Supply Side Shock in the Making, page-55
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