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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (117901)	3/3/2009 12:23:37 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

More on Broken Hill Proprietary Billabong(BHP). Cramer's theory is that China is ready to roll again. They need natural resources, hence their purchase of even more of Rio Tinto (RTP), another company I love. I don't doubt that the recession in the Asia will end long before that in The United States, which has been poorly governed and has an inoperable, corrupt financial system. I just don't think it's ready to start right now. BHP has bought more properties and has improved its balance sheet during this slowdown. It is getting ready for the upturn without over-leveraging itself. So, the company is well managed and has what the world will need, but I disagree about price and timing. Hold on and I believe we'll get it cheaper.