TSX:TECK.A - Post by User
Comment by
TimeScapeon Apr 24, 2007 1:37am
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Post# 12662561
RE: TimeScape
RE: TimeScapeupatty - It's OK, you're not bugging me. I was new at this too, many, many years ago. As I indicated, the number you want to compare to the estimates is what is called normalized earnings. Companies often have unusual items that appear in their profit & loss statement. In this case, Teck is writing off a receivable item that relates to 2004. It has nothing to do with evaluating the Q1 2007 results. Often when you look at the quarterly results for a large complex business, there are several such 'unusual' items to be backed out before you get a true picture of what a company did in the period in question. You very often see that when the big banks release their quarterlies.
As far as the estimates are concerned, I don't know or care what the estimate was for this quarter. The best way to invest is to keep your eye on the long term outlook for the business, the progress the company is making, their financial health, etc. I bought Teck back in 1998 at about $14 a share, and am still holding. Think it is going to be over $100 in a year or so, maybe $125 in 2 or 3 years. The quarter to quarter stuff is just noise. Buy and hold good businesses to build true wealth.
TimeScape