David Driscoll
BHP Billiton Ltd
BHP-AU
TOP PICK
Mar 20, 2009
(Australian exchange but also listed in New York.) Wanted a one-stop shop for all metals/minerals that he could get his hands on. Clean balance sheet. Also wanted Australian$ exposure as it had been down against US/Canadian currency. Yield of about 3.5% but could be as high a 5.5%. Long-term hold.
(A Top Pick Mar 20/09. Up 38.5%.) Bought it through the Australian Stock exchange with Australian dollars which was 50% lower than the US$ so his gain was about 60%. (Also available on the NYST.)
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