TSX:TECK.A - Post by User
Comment by
bendmeoveron Feb 04, 2009 12:34pm
777 Views
Post# 15751557
RE: RE: RE: lindsay
RE: RE: RE: lindsay
this company has gone through this before and will survive .....analysts bash ..The Globe bashes ..shorts rule ..no one saw this coming .... the stock actually went up when the Fording deal was announced
when they were making 500 million a quarter it basically had a p/e of 10 + the dividend to boot + 2 billion in cash...the value of their undeveloped gold projects and Fort Hills were not even valued in the share price .....+ many other investments and shares in other companies that you have to spend about 2 hours reading their annual reports to figure out .....look at the tck.a share price to see what the value should be less the shorts ....
.I think management are waiting for coal contracts to be decided before making any real moves as far as financing is concerned and then it will be a slow move up from there ....but this company is not going under .. the problem is in this environment nobody wants to take a risk for great return .
buy when everyone is selling and sell when everyone is buying simple but hard to do when everything is negative negative negative ..... jmho