TSX:TECK.A - Post by User
Post by
JBBmineron Jul 01, 2011 5:14pm
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Post# 18789215
short or long
short or longI have been selling calls on this stock since tck put a floor on the price. 40 mil share buyback is 8 times their largest shareholder and 5 times larger than the short position. Lets all keep in mind that If any of these miners know what is going to happen to china in the 2nd half, It's TCK. China is their 2nd largest shareholder.
Not to be really bullish here but the company is in a de-leveraged balance sheet now compared to 2008. Debt is now the cheapest it's going to be, no question. Expect them to increase their dividend next month to 80c/year.
You won't see sub 40 on this stock in the next 3 months unless some world event occurs.