BHP Billiton (BHP)
In response to global economic conditions, <b>BHP Billiton Limited</b> (<a href=http://www.zacks.com/stock/quote/bhp>BHP</a>) has undertaken various actions, such as withdrawing from its pursuit of Rio Tinto, adjusting production levels in line with the demand and suspending cash negative operations. <p> BHP continues with its long-term strategy of investing in value-added projects. During fiscal year 2009, the company sanctioned four growth projects with a capital investment of $5.9 billion. <p> With its diversified portfolio of low cost and high quality assets and a strong balance sheet, BHP Billiton is well positioned to benefit from a market recovery. Thus, we upgrade the recommendation on the stock from Neutral to Outperform.
March 8, 2010 | Filed Under Stock Picks
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