Whether it's BHP Billiton (NYSE:BHP), Glencore (OTCPK:GLNCY), or Anglo American (OTCPK:AAUKY), the basic story of weak commodity prices is dominating the investing environment. It's even worse for Teck Resources (TCK) as this Canadian mining company is very heavily weighted toward metallurgical coal and prices continue to scrape along the bottom. Teck Resources has the benefit of unusually low production costs for its major products (coal, copper, and zinc), but this low price environment is pushing the company to cut costs and curtail expansion projects and leading investors to worry about the dividend. I do like this stock as a way to leverage better base metals and an eventual recovery in met coal, but there...
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