TSX:TECK.A - Post by User
Comment by
Boulteron Jul 11, 2018 12:27pm
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Post# 28300293
RE:RE:RE:RE:RE:RE:RE:RE:Teck.. Cash flow machine
RE:RE:RE:RE:RE:RE:RE:RE:Teck.. Cash flow machinecheck737 wrote: lashout wrote: Although it has hit $39.... do you really think it will be worth more in coming months?
Think about it.... A PE just north of 8 almost 1B freecash flow, oil just comming on line, 1B from BC Hydro to be paid soon. Major debt reduction happening.
$39 is just a stop on the way to $60
JMHO
The market does not forget the loss years that resource companies cycle through. A PE of 8 or 10 makes much sense given one year out of two resource companies lose money. So my adjusted PE on TECK.B is 16. I sold down my holdings from about 10% of portfolio to about 3% currently between $36 and $39. I have made a quarter million on TECK.B in 3 years. This is likely my most successful holding ever in 35 years as an investor. Other holdings have made me this scale of money, but not in 3 years. I was selling down from $12 and have likely left a quarter million on the table. I am unable to predict the future, so refuse to feel bad about this. I won't feelbad either if it gets to $60, I'll just say "wham bam thank you mam" for the additional $100K the remaining position gives me. Boulter