The big mining behemoths BHP Billiton (LSE: BLT) and Rio Tinto (LSE: RIO) need commodity prices to rebound if their share prices are ever going to make positive progress again — let alone just to shore up the cashflow they need to pay dividends. But unfortunately China still seems to be slowing, which would only seem to point to an ongoing stagnation in demand.
New China Slowdown Blow For BHP Billiton plc And Rio Tinto plc
VIDEO: One Fool puts Rio Tinto plc (LON:RIO) and BHP Billiton plc (LON:BLT) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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