I'm a long time S32 shareholder, and usually a keen S32 buyer, but the past couple of weeks have been actively buying parcels of BHP under $40. At two year lows it feels like an excellent place to build a position. It's too tempting for me to refuse!
Your comment about UBS reminds me of the following I read on The Intelligent Investor recently (in regards to CBA specifically: I can understand why people are holding or selling bank shares but goodness only knows who is buying them at current prices. I sold mine and bought more BHP last week.
@poppypop I also get confused with anything except basic maths. Well done on your trade and dividend. I suspect you'll look back next year and be glad you pulled the trigger! BHP has multiple avenues towards being highly profitable and it the world's biggest miner (as you mentioned) with a rock solid balance sheet behind it. I also agree the 5% risk free term deposits won't last long.
BHP Price at posting:
$39.60 Sentiment: Buy Disclosure: Held
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