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Strategies & Market Trends : Value Investing

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To: geoffrey Wren who wrote (43240)7/10/2011 4:10:30 PM
From: Spekulatius   of 78661
 
re TC - stock does not look expensive but it could well be dead money for a while and I want to de-risk my portfolio. I would probably buy back in the 9$ range.

I am somewhat suspicious that most of the Molybdenum boom has played out already. Mo has a history of years of boredom followed by extreme spikes. This happened once in the 199-, around 2000 and now again in 2010.

As for TC specifically - their main mine is reaching the end of life, so they really depend on the new projects coming through (hopefully in 2013). However, in the past they have shown questionable execution and that casts a shadow on this stock, imo.
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