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Anglo American - pulled back, but a conviction buy again

By Robert Sutherland Smith | Tuesday 11 March 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Anglo American Corporation (AAL) was the subject of a review I produced in January when the share price was 1366p. I concluded that for both fundamental and technical reasons the shares looked good value. I note that the share price moved up to 1600p, but has since come down to 1433p. This fall has been caused by the latest Chinese GDP growth and export doubts and unexpectedly bad news. They look like a buy again.



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