Teck Resources Ord Shs Class A T.TECK.B

Teck’s EV/EBITDA dropped to 8.16x from 8.62x

[sdhaka]

Teck’s EV/EBITDA dropped to 8.16x from 8.62x, mirroring the broader downturn in base metal stocks. Keep a close watch on Teck’s upcoming earnings reports for future signals. 

 

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[4CommonSense]

Given the 2nd Q earnings were down what do you think the 3rd Q earnings will be ---without coal's  67% of the previous Teck gross profit? --  quite possible the share priuce will be in the $40/s range ---what are these 'analysts' ---'thinking' ??

[4CommonSense]

the only question is what's holding the share price up?  $69/S -  really ?   Analysts are predictiog a drop in 3rd Q earnings of 33% --- I think this is very optimistic given that coal represented 67% of the gross profit ..however there may be a one time spill over from from 2nd Q. The real earnings disaster will be in the 4th Q when Zn shipments cease from Reddog

[4CommonSense]

well well --- $1.3 billion in share buybacks this year ---  this can't contine and totally limits new undertakings - all the egss are in the copper basket --   it must have broken their hearts to pay a miserly special dividend of $0.50/s -- with nothing in the pipeline they should have returned far more to the S/Hs -- the clown show continues 

[4CommonSense]

the 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 ---'