Just amazing. Our JV partner's SP is hitting fresh new 5-year lows. Down 6% today to $5.22! It has only gone lower during the depths of the '09 crisis. To get back to its former high of 4 years ago the SP would get you an 11 bagger!
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Truly hard to believe that Teck can be trading this low.
Their market cap is only 3.1 billion now - don't they have almost that much in cash?
They have still been able to maintain profitability (albeit marginal, but still in the black)
I thought my purchase at 6.78 would be near bottom, but unfortunately not.
Sure tempting to buy more, but where will it turn around?
The market seems to be exiting resource companies at all costs - almost panic selling.