Thanks Carl, for your TGB idea. I believe I made it into TGB at around $1.35 or so because of your initial post and my further due diligence. I appreciate great ideas like that one.
I've considered trimming my position also, but my initial postion is small, so I'm letting it ride. The big question to me is the future price of copper. If copper sustains this price for the next year, my model shows about $0.65/share expected over the next four quarters, giving TGB a current p/e based on the next year of less than 5, which I think is attractive.
But, who knows? My model could be materially wrong, and it's very hard to predict what will happen to the price of commodities, so I think your move is wise and I would do the same if I had a bigger position.
But, thanks again for the idea, I appreciate it.
-cw |
