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Davy, Davy, Davy,
Mar 05 01:22 am
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All Comments by telemachus »Selling Teck Cominco - I've Lost Confidence in Management [View article]
I think you sold too soon. Teck just reported a massive copper deposit as part of the Chilean properties that it picked up from the purchase of Aur Resources. This is a serious copper find and it will show up soon in the earnings in the near term.
More info at www.financialpost.com/...
Because of this news, Investors have already bidded up this stock to $41.50 as of March 3. The stock will probably earn $4 or more EPS for 2008, meaning that it will probably finish 2008 at $40 or more.