These are not particularly easy times for Anglo American plc (OTCPK:AAUKY).
Copper prices have been holding up, but iron ore has been weak, met
coal remains weak, and the company's platinum business has been hit by a
major strike. Even so, Anglo's share price is within 10% of its 52-week
high due in part to optimism regarding the long-term potential of the
company's restructuring efforts. Anglo American shares don't look too
expensive today, but investors do need to appreciate the elevated
operating risk relative to names like Rio Tinto (RIO), BHP Billiton (BHP), and Glencore Xstrata (OTCPK:GLNCY).
Follow this link to read more:
Despite Challenging Conditions, Investors Buying Anglo American's Self-Improvement Potential
No comments:
Post a Comment