Teck Resources Limited (USA) (NYSE:TCK)
Mining and mineral development company Teck Resources focuses on copper, metallurgical coal, zinc, and energy.
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A steady performer, with fantastic cash flow, decent divident, and such a fat bank account! Compare them to BHP and RIO, they have so much more in everything!
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there is currently a shortage of zinc, only a few days of inventory on the London Metal Exchange. Teck Cominco is one of the largest zinc producers. It also produces coal, copper, gold, lead.
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Magic Formula
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Resources continue to be in big demand, China and India will grow at 10 + % on an annual basis Teck Cominco has 20-30 % to run in the comming year.
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30% FCF, 35% ROE
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consolidation in basic materials is drawing attention to the sector -- cyclical, so earnings will be down sharply in a couple of years before going back up - could be a wild ride, but overall should beat the market - consider selling in low 90's if that price is hit before 6/30/07
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rating>=9.one week<=-10%.sharp down.strong buy
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Zinc is a metal that has record low supplies and this company is in the penalty box.
Like copper stocks two years ago this one will fly eventually.
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