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To: S. Thomas who wrote (2881)12/29/1997 8:28:00 PM
From: Michael Burry  Respond to of 78667
 
There's a lot more to PCU than meets the eye. I brought it
up here earlier in the year. The market cap and shares outstanding
are not what they seem. Don't trust Yahoo's numbers.

Mike



To: S. Thomas who wrote (2881)12/30/1997 7:56:00 AM
From: Jyoti sharma  Read Replies (1) | Respond to of 78667
 
Reg PCU

The numbers you have quoted are from Yahoo? Yahoo often has major errors in data. For another look at the PCU's recent performance try:

dailystocks.net
sec.yahoo.com

PCU has increased it's debt load from 166 mil. to 255 mil. Company's fundamentals have not changed significantly over the last one year. Increase in debt load may due to a significant number of environmental capital expenditures.

PCU is a copper stock controlled by AR. Stock Price is a call on future copper prices. The dividend is not secure. They have a history of adjusting dividends based on copper prices. Personally I think it's a good buy now even with the expected declines in earnings next year. Wall street however punishes stocks when the earnings decline. I am still looking to buy this stock below 12.

Good investing and happy new year.

Jyoti