July 23, 2010
– Comments (8) |
RELATED TICKERS: BVN
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.
SCCO (I actually own this one)
what do you think about x it looks like it might be taking a run to 70?
i bought some at 40 then sold at 45 and it fell now it looks strong again
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.
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.
There is a recent article on SCCO here:
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.
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.
Since I made this post: