|
Okay Michael, you wanna see value? Here's a choice specimen...
Book value of $41.50, selling at $31/share. PSR (Price Sales Ratio)
of 0.48. Pretty good, so far? Well, how about the protection of a
2.7% yield, and a debt ratio of less than 0.5... and last week the
company announced $100 million share buyback.
So, is this some obscure startup on the Alberta exchange? Hardly.
This NYSE listed stock has been around since just after the
discovery of dirt. The industry... Nonferrous metal producer (stuff
like copper, zinc, molybdenum), chemicals, and aggregates. Name...
Asarco (AR), and yes I do have a small position in my IRA. Paul |
