What is the probability Anglo will go bust? Any point on holding on to this stocks.
It may be taken over at some point, but I would doubt it will go bust in the near future. They have substantial current assets and the PPE book value is huge. I don't know how much of that is immediately salable or if any mines are included in that figure obviously mines might be revalued substantially lower given low commodities prices. I have only had a cursory look. If I held, I would probably sell, as it doesn't fit my investment style, trying to pick bottoms/turnaround situations are pretty difficult.
