Use access key #2 to skip to page content.

Metals Play

Recs

4

July 23, 2010 – Comments (8) | RELATED TICKERS: BVN , SCCO , GNI

Add these to your metals portfolio.  They are best in industry plays, and are diversified with the metals sector.  All of these have strong margins and they are flushed with cash.

 BVN

SCCO (I actually own this one)

GNI

8 Comments – Post Your Own

#1) On July 23, 2010 at 7:37 PM, ragedmaximus (< 20) wrote:

what do you think about x it looks like it might be taking a run to 70?

Report this comment
#2) On July 23, 2010 at 7:38 PM, ragedmaximus (< 20) wrote:

i bought some at 40 then sold at 45 and it fell now it looks strong again

Report this comment
#3) On July 23, 2010 at 9:40 PM, MegaEurope (21.53) wrote:

GNI

Report this comment
#4) On July 23, 2010 at 9:53 PM, rockbox64 (< 20) wrote:

SCCO has a nice dividend.  Is it safe?  Looked at it at $25 and couldn't believe it was so low.  Do you know how much exposure they have to China?  Thanks.

Report this comment
#5) On July 23, 2010 at 10:31 PM, awallejr (83.97) wrote:

I own SCCO irl too.  It consistently returns dividends to shareholders, and is one of the cheapest producers of copper.  Anytime you see it under $30 is a buying opportunity imo. 

Report this comment
#6) On July 24, 2010 at 4:05 PM, NOTvuffett (< 20) wrote:

TheBarnacle,

There is a recent article on SCCO here:

http://www.reuters.com/article/idAFN2318083620100723?rpc=44

Basically it says that there is a plan to merge Southern Copper and Asarco into a new entity AMC.  This would lower margins and would probably mean a cut in the dividend.

 

Report this comment
#7) On July 27, 2010 at 10:20 PM, awallejr (83.97) wrote:

Thanks for that link NOTvuffett.  I did some more research and really don't like that merger from a shareholder's point of view. It seems the parent company gets the gains at SCCO's shareholders' expense.  I took my profit and ran. 

Report this comment
#8) On December 05, 2010 at 9:12 AM, ThomasPound (84.44) wrote:

Since I made this post:

BVN +34.7%

SCCO +40.8%

GNI +59.2%

Report this comment

Featured Broker Partners


Advertisement