BHP: Where the pigs fly high

Chinese steel producers are diversifying into pork and organic vegetables, which means all is not well in the industry. Gaurav Sodhi examines the case to sell.

‘Some of our best short ideas over the years’, says legendary short seller Jim Chanos, ‘have looked cheap all the way down’. Chanos—perhaps the world’s most famous shorter—has made a fortune selling stocks that don’t look expensive. Investors now have to make a similar call with the world’s largest resource company, BHP Billiton.

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