Teck Resources Ord Shs Class A T.TECK.A

RE:RE:Anyone have any comment on why FCX PE is 60 and TECK is 9?

[VOKBLVR]

I go hot and cold with "A" and "B" shares. This structire ensures that the "A" sthares (100 votes per share). can control the company from a minority position. In Canada this is no an uncommon arrangemen and literally keeps control in the hands of the "family"-in Teck's case- the Keevils).
The Keevils have parlayed a minor base metal discovery in northern Ontario into one of the largest , diversified miners in the world. The hand of a growth oriented board has delayed dividend increases  to fund growth. If you listen to the currnt president of Teck (Don Lindsay,) he has taken some risks that a lesser management would have had to cause termination of the president, but Teck's board has a long term investment view that made the investment in Fording Coal and lately Fort Hills, both of which put the company at risk  for a long term gain. The Fording  and other East Kootenay coal mines look prety good now and I am surer that Fort Hills will work out in the long run.