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Gold/Mining/Energy : ASARCO (AR)
AR 34.47-1.8%Dec 31 3:59 PM EST
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To: Jyoti sharma who wrote (24)12/22/1997 8:52:00 PM
From: Sterling  Read Replies (1) of 58
 
Jyoti,

I like Asarco for several reasons:

1. Low cost producer with forward sales hedged against further
copper declines.
2. Stock buyback and shedding of non-producing assets.
3. Good buy point in the chart at this level.
4. Dividend is reasonable.

But what happens to the price if the dividend is cut (as with FCX)?
I think it might be a better buy in the $18 - $19 range. Does that
sound possible?
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