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Wayne, if BHP was $8 now.The Market cap would be about $27B.The recent profit was $13.5BThe PE ratio would be 2. And if things did not change you would make your money back in 2 years, and hold one of Australia's and indeed the world's greatest companies for free.It is utter lunacy to say the least. If anything BHP is undervalued now because analysts, and shareholders and punters alike know things do not get much better than they are now.BHP is a buy at the current price, it is one of the best companies in the world, and not overvalued because a future reduction in resource prices are already accounted for.
Wayne, if BHP was $8 now.
The Market cap would be about $27B.
The recent profit was $13.5B
The PE ratio would be 2.
And if things did not change you would make your money back in 2 years, and hold one of Australia's and indeed the world's greatest companies for free.
It is utter lunacy to say the least. If anything BHP is undervalued now because analysts, and shareholders and punters alike know things do not get much better than they are now.
BHP is a buy at the current price, it is one of the best companies in the world, and not overvalued because a future reduction in resource prices are already accounted for.
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