I’ve been waiting to add on various cyclical companies but BHP Billiton has been taking extra beating lately due to various problems. Latest one was the collapsing of a dam in Brazil in a mine co-operated with NYSE:VALE. It’s tragic but also hopefully a one time indecent that has very little to do with the company itself. Sure there are risks involved with this purchase. Cleaning up this mess can cost anything from tens of millions to hundred millions dollars. On top of that there’s the overall economic situation which alone is a real risk for the dividend. Then again the long term fundamentals haven’t really changed. Having said that, today I bough additional 50 shares for 26,93 USD per share which brings my total up to 110 shares.
Additional information: http://seekingalpha.com/article/3665126-bhp-vale-samarco-dam-failures