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NYSE:RIO
New CEO. From a commodity point of view, you should think about how much more losses are going to come through, what is the earnings outlook for the mining category in general and how long the stock is going to take before it starts to run. Longer-term he likes the category. Because of losses you might see some downside in pricing, giving you an opportunity to enter at better levels. Prefers BHP Billiton (BHP-N) which has a better balance sheet and its exposure to iron ore and copper is a little better