| | | TCK - Teck Resources Limited
Teck - a Canadian mining, mineral processing, and metallurgical company (zinc, copper, lead, molybdenum, cadmium, indium and many others) - trades at a Shiller P/E of 8.5, 69% of tangible book value, and only 5.9 times five-year mean Free Cash Flow. At just over $20 per share, Teck looks to be a bargain. This company has been profitable each of the past ten years, and the stock has come down in price from $60 in late 2010-early 2011 to its current depressed level. Macro-concerns have most likely driven this stock down in price, but at these levels TCK looks like a bargain.
Paul Elgin |
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