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Revision History For: Noranda (TSE;NOR)

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Return to Noranda (TSE;NOR)

I got back in Noranda after having sold at 32 (had sold a Jan leap at 32). the stock seems cheap at this level (28.40). Noranda is a large mining Company, involved in Zinc, Aluminum, Copper and Nickel (53% metals), Forestry products (19% - including a majority stake in Noranda Forest), and oil and gas (28%).

They have been profitable for 9 out of the last 12 years. According to Investor's Digest of Canada, they are expected to earn 2.17 for year Dec97, and 2.34 for Dec98. The Dec97 P/E is 13. The Price to Book is 1.44, P/CF is 5.5, and CF/Debt is .31.

It pays an excellent dividend of 1$ (3.5%).

Anyone have any opinions on this stock?