Having timed the peak of the mining boom to perfection with its flotation in May 2011, Glencore’s (LSE: GLEN) masters of the commodity universe now face a suspended dividends and a rights issue among other actions being taken to shore up its balance sheet. But might they suspect this is as bad as it gets? Here’s why…
Did Glencore plc Just Call The Bottom Of The Market?
VIDEO: One Fool takes a closer look at Glencore plc (LON:GLEN).
The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.