TSX:TECK.A - Post by User
Post by
DoubleManon Jan 30, 2009 10:50am
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Post# 15740144
TCK continues it's downward trek......
TCK continues it's downward trek......There does not seem to be any support for TCK anymore.....most analysts have sold off their holdings on this play as they feel the company has been mismanaged and that there is a chance of default as a result of their debt load being too excessive while commodity prices are collapsing...
The Q4 report is out in a couple of weeks....perhaps the big daily drop is in anticipation of terrible earnings and questionable forwarding statements....
Management seems "mute" lately which does not help....when there is no good news....what more can one expect.
Back to the $3.00 range....even lower if the Q4 report is bad....a strong possibility.....is this a time to get out....or do we hang on and hope for a miracle....it the management capable of correcting this terrible situation.....
Not sure anymore....a lot of doubt surfacing with the current SP