Some of the lost profits are already priced in with the commodity slide but not all. I think many people have not done these calculations and are still anchoring BHPs price higher. Or they think commodities will bounce back soon.
You say the market cap can't fall another $40B from here. Yes it can, if the market decides BHPs profitability will not recover in the near future.
You call me a doomer , all I am reporting here are facts based on data BHP have provided themselves. If you disagree with me, please explain the errors in my facts or logic, like the guy above who argued they will lower their costs enough to offset part of their lost profits.
BHP Price at posting:
$17.58 Sentiment: Sell Disclosure: Not Held
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