Investing vs speculating: Most people investing in BHP/Billiton would call themselves investors. BHP has 2.662 BILLION shares, $26 Billion nett debt, last year $14billion cash income for $8billion loss and a share price of $26.58. I'd call buying BHP as speculating on the wild side.
Regardless of economics 101 I feel a hell of a lot more secure with AJQ than if I had BHP. To each his own.
Ann: Results of Entitlement Offer, page-21
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