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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks
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To: MCsweet who wrote (1393)3/12/2009 10:30:21 PM
From: FIFO_kid2  Read Replies (2) of 1931
 
Has anyone taken a look at GCE Grande Cache Coal on the TSX? It is roughly trading at a market cap of about 2/3rd its free cash. It looks very tempting but I feel it is prudent to wait for the new metallurgical coal contract due at the end of the month as it will be more representative of its forward earnings power before I make a decision what to do here.
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