Barry Sotoero

An Overview of Peru's Stock Market

Southern Copper announced a 1.70 per share dividend yesterday.

Southern Copper vs. Spot Copper: TA That's Hard to Ignore

Watch out for JP Morgan, everytime they underweight a company they have a track record of making large purchases. Buy southern Copper on the next dip of $5 to $10. We are going to see $200 with in the next year. This company has great growth potential. Thay have resolved most of the labor disputes that caused them to have a couple bad quarters. They also moved a large potion of their sales to Asia from the US. I believe we will see output increase dramatically over the next couple years. This is a great time to pick up more shares and the dividend has a payout of 1.40 per share. They even paid out a special Div. last year of $2 per share. I was very excited to see it sell off last week so I could purchase more shares and watch it rebound today. Copper is$3.10 at the scrap yards for recycling. That is the highest I have ever seen the metal, there is still demand globally if the price at the scrap yard is high. The guys at the scrap yard will not buy copper at that price is there is nobody buying from them.