Trevor Sykes: BHP is a red hot buy, page-23

certainly challenging times - bhp wouldnt be here if not for short selling.

of the authors on here i would back Sykes and fluffy over most of you, but I think goldbear you have a fair record too

I sold half my bhp at $25 thinking this was a possibility but not likely , and thought i could buy at 26 again if i had to! really thought 22 should pull this up due to buybacks , retained earnings etc

Sabbath , sandbagger et al
re management - little discussion re the big lifts in production but they could not ignore what rio ,fmg , vale were doing in terms of getting cost per tonne down! - However, collectively, bhp, rio, fmg and Gina have been conned by the Chinese - I am sure the figure of 1billion tonnes steel was not invented in Australia and am sure it would have been a figure massaged by the Chinese. They as a country should not have been granted entry into the wto as they are not a free enterprise country. I have stated on here years ago that their goal was to get commodity prices down by stimulating production. They have succeeded, though some of what they achieved would not have been in the plan some 5 yrs ago -other things happen that cannot be "planned ' for, but the general goal has been fulfilled.

ozexplorer -they did have lots buybacks
sandbagger - re borrowing money to pay dividend - i havent seen latest numbers but bhp's cashflow was very resilient (add back depreciation etc ) and they have been cutting capex and operating expenses , so they havent been in that situation yet I believe.