"Do you think that you know better than a multi billion dollar global company with a research team dedicated to future investments working around the clock"
So many times... These mega dollar research teams get it so wrong.
BHP: Written off billions of dollars' worth of nickel assets. BHP: $50 billion shale oil blunder. RIO: Chief executive Tom Albanese dumped after $13 billion write-down related to the disastrous acquisition of Alcan. WOW: $2 billion in write-downs to close the failed Masters hardware business.
Coming to a news headline soon: Rio to write off billions of dollars' worth of lithium assets.
RIO Price at posting:
$114.44 Sentiment: Hold Disclosure: Held
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