12-01-2015, 12:05 PM
I believe that the market has already priced in a dividend cut for BBL (could be wrong, wouldn't be the first time). Commodity prices are at very low prices. Yes they and BBL's stock price could go lower. I had the cash available for a purchase and I was missing materials in my portfolio. This is a beaten down stock that is still making money. The fundamentals haven't changed for the company. Yes the disaster in Brazil has occurred and the fines could be high, but they will drag it out in court for years like BP, XOM, etc have done. Getting in at $24.28/share to me is a good deal. In 20 years, I doubt I will be upset with this purchase. Good news is that it's up today.