TSX:TECK.A - Post by User
Comment by
JBBmineron Mar 02, 2011 8:24pm
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Post# 18222630
RE: RE: Buying
RE: RE: BuyingI've followed Tck for a long time, it's a good time to buy. I have traded this in the past in the 30's.
I'm not trading this now, so I'm not to interested in the tech's.
However, I do follow the mining industry pretty closely and I can tell you 2011 has BHP, Rio, and xstrata all calling for huge demand for Iron ore and met coal. In fact, demand has never been higher. Take a look at the last NR or quarterly on the three companies web sites. Pretty incredible.
Anyway, strikes like the one that is happening to tck is not pleasant to sit through. However one has to consider that they are pretty much 50% coal based and all that coal is in BC. So if they don't treat their miners good then the next 3-6 months the other mine will strike to. And it happens to be a even bigger peice of their pie. You don't really want to be a "non-producer" during the highest price for met coal in history do you?
And lastly,
I really want to be invested in this company for the long term, after it's recent downtrend it's a dam good buy at these levels. Not because of the main stream chatter, but because of the oilsands play it has. Such a smart investment a while back, even smarter management not to sell it when they needed $$.
If you don't trust the current "worldly" market don't worry it won't last long. In the meantime savor that fact that post recession this company has paid off 7bil in debt, raised it's shareholder equity by 5bil and only diluted shareholders by 20%.
Again, Pretty freakin good.
Next up, Growth like you have never seen before, shareholders div increase. IT"S GOOD TO HAVE CASH.
ps. does it surprise anyone else that every time I see the chinese buying into our Western provinces companies they make extreme rates of returns!!!.. Next time I hear what they are buying I want a peice too!