TSX:TECK.A - Post by User
Post by
cartach13on Feb 06, 2008 5:03am
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Post# 14324026
Desjardins Research
Desjardins ResearchReport on Teck Cominco, Desjardins Research Morning Pulse, Feb.1/08. This is a regular feature on Credential Direct my online broker. The report gave a BUY rating with a 1yr. target price of $49. Deals mainly with the outlook for 2008 and into 2009. Not part of the actual report but included in the side notes giving company information was the following --EPS 4Q07 Estimated - Desjardins $0.80, Consensus $0.99, EPS 4Q06 Actual - $1.99. Indicates substantial estimated drop from same quarter last year. As I indicated before my intent is not to bash Teck but to point out why I would not buy before the Q4/07 and Annual Report which comes out after the market closes on Monday,Feb.11. My opinion only but I think the SP will take a further hit after which I will renew my position. For interest the Desjardins report also gave the % of total revenue attributable to each commodity produced - zinc 43%, lead 8%, copper 26%, moly 4%, gold 3%, coal 15%, power 1%.