$210.20
-9.69 (-4.41%)
Rio Tinto plc (ADR) (RTP)
CAPS Rating:
An international mining group, combining Rio Tinto plc and Rio Tinto Limited. The Company's principal product and global support groups are Iron Ore, Energy, Industrial Minerals, Aluminium, Copper, Diamonds, Exploration and Technology.
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If you are buying this stock in hopes to strike it rich, you are in for a sad surprise, you would a better chance convincing Wilie Wonka to drill for chocolate in a vegetable field!
Can you be specific (offering a supporting argument for why you don't have faith in RTP's prospects)?
wow that was a sophisticated analysis
Ok let me give you the real bearish. Buy high and sell pieces low. When BHP did not buy RTP they basically injured this animal with a bite and are slowly circling it watching it die of lack of liquidity. RTP will have to sell prized assets to cough up 9 billion by Oct of this year. With no turn around in sighty and commodities going through the rough slowdown in demand RTP will not have enough steam to cover their debts, keep their yield and come close to achieving past performance.When the tech bubble blew up the firs who got killed were the companies making the buyouts and acquisitions at the peak.If RTP were to sell Alcan today how much could it demand? Well if you look at Alcoa; the LARGEST aluminum manufacturer you will se a market cap of 6.85 billion. Even at a double premium or triple premium you still cant reach 39 Billion which is what RTP paid for Alcan, the second largest producer
Jesus ur a God, how did u know it was gonna crash? Now right after I buy they say dilution is coming because they need the cash to pay debt.
Take advantage of the exit pump its getting from RTP begging on hands and knees for Chinalco to buy them. Chinalco will not buy a debt loaded company. Tear it apart, sell the assets and make their money back. There is no buyout, makes no sense. Chinalco can read the news when BHP dropped the buyout offer. With good reason. Now they can come in and bargain shop.
Dear fool, I read your blog a few days back and your additional comment. I hope your not imp[ying that I based my take on your blog of RTP. Check mine dated November 29th and see my analysis on RTP.