TSX:TECK.A - Post by User
Comment by
4CommonSenseon Oct 30, 2024 1:13pm
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Post# 36289049
RE:RE:RE:Teck’s EV/EBITDA dropped to 8.16x from 8.62x
RE:RE:RE:Teck’s EV/EBITDA dropped to 8.16x from 8.62xthe answer as to why the share price was holding up is a bit more obvious -- teck spent $1.3 billion buying back shares - it can't go on for long nor has it hasn't been all that successful with the price now sliding to $66/s currently -- with nothing in the 'pipeline' and all the eggs in the copper basket again the competence of senior mgt and BoD ---'brilliant' ? management? Given the total lack of future direction and no where to go more should be returned to the S/Hs in dividends. The only out for them is some form of selling this dog.