The top 100 stock
market authors
selected for publication
market authors
selected for publication
DSX Lover
»
Comments
» Single Comment
| 
Comments by Ticker
61 comments
Rating: 0
(0 
-
0 
)
-
0 )
-
The Seeking Alpha 100
See all
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most active
Instabloggers.-
1
David Fry
-
2
TraderMark
-
3
Don Dion
-
4
Cliff Wachtel
-
5
Joseph L. Sha...
Top Instabloggers » -
1
-
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
-
I don't see Lundin operating as an independent company before this year is over. It is selling well below the 9.08 Book value at the end of 2007. With Cooper prices soring, and with Lundin having less than 100 million in Debt, and it will be takeover if it meets the estimates for Q1.
Apr 25 10:53 am
|Rating:
0
0
All Comments by DSX Lover »Soaring Tenke Costs Affect Lundin Mining and Freeport-McMoRan [View article]
If FCX is going to have to pay for Lundin's part of the mine expansion, it would be cheap for FCX to takeover Lundin at a price of 1.5 to 2.0 times book and assume all of the profits of the mine. Lundin is a small company with great growth potential, selling below NAV because the previous CEO was cooking the books on recent mergers. The new CEO is almost done cleaning the mess, and if Lundin meets earnings in Q1 it will be on its way to earn 90 cents for 2008 which will put the company at an 8 P/E well below the industry average.