BHP Billington Share Buy Back
BHP bought 1.5 million shares today. They report this on their website. Pretty amazing how much stock they’ve bought back. The stock buy backs along with their regular dividends and diversified commodity base makes them one of my favorite stocks. Plus the fact that everyone I know isn’t harping on about them (like Qualcomm in 1999) makes it even more attractive.
Along with Anglo American (AAUK), these two are great commodity plays. Plus they’re both down over 5% this week makes it a good time to jump in. I plan on holding both for a long long time.
As usual, do your own Due Diligence. If you don’t know what that means or how to do it, put your money in ING Direct instead!
Today’s market rebound was disheartening. Even though my portfolio is down on the whole, my invesrse S&P500 fund was up 7% yesterday. Now I don’t know whether I should hold it or bail. On the other hand, if we saw another day like yesterday, I could exit and take my profits! But then gain, everyone else seems to be really happy with the rebound. I guess thats the closest we’ll ever get to world peace. I’ll take it 
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March 1st, 2007 at 1:32 pm
CFS Global Resources Fund actually ended the month up, somehow or other! They increased their position in the big three (CVRD, BHP, and Rio Tinto) in the last quarter of 2006.
March 1st, 2007 at 7:54 pm
I love the blog that you have. I was wondering if you would link my blog to yours and in return I would do the same for your blog. If you want to, my site name is American Legends and the URL is:
http://www.americanlegends.info
If you want to do this just go to my blog and in one of the comments just write your blog name and the URL and I will add it to my site.
Thanks,
David