Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (55610)	3/22/2019 8:30:35 PM
From: Goose94	Read Replies (1) of 203330

Teck Resources (TECK.B-T) top pick from HAPpy Sneddon on BNN.ca Market Call Friday March 22nd @ 1200ET Shares of Teck, a company focused on steelmaking coal, copper, zinc and energy, are trading fairly cheap at 4.9 times enterprise value to 2019 estimate cash flow versus its own historical average of 7 times. Its shares are also undervalued compared with global peers who trade at 6.9 times. The company expects $1.6 billion of free cash flow in 2019. This may come down with some higher costs this year, but longer-term costs on copper, its bread and butter, are expected all to decline over the same period. Technically, the stock is at an excellent risk/reward juncture. Downside protection is at around $28 and a breakout over $32 ushers in $38 and then $51.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next