Wow, the dividend would be all but gone.
I can't belive this stock isn't crashing yet. Its silly season on wall street. When stocks are able to go down again, PCU will lead the way lower. Copper is one of the weakest markets on the planet right now. Can PCU avoid this? WAKE UP.
This coming from someone who brought us these gems:
and this one (when PCU closed at $64.25:
or this one
So sandsbagger, how many times does a stock have to kick your ass before you learn that it's not something worth try to short??
SO PCU which knows more than anybody about the copper market is investing 1.5 billion to double production of a product that will fall 60% in price.
ok, sure, that must be what's going to happen.
If Chinese copper damand was so strong between December and January, why did LME stocks rise so dramatically? Regarding the market being right all the time, tell that to the guys who were buying $3.9 copper contracts last year. Did they get burnt?
China's annual GDP growth is approximately 12%. Have a nice time with the bet that the country's copper demand will double year over year. Haaa,haaa. Funny. If China was going to double its copper imports, why has it been a net exporter over the past year? We need more useful analysis!!
Once they start building new homes again, copper will run right up the scale.
There is about of 400 lbs. of copper in the average home.
Think pipes, wiring, etc. etc.
And the demand from China and India, among other developing countries, will only accelerate in the next 5-10 years.
Copper is going to be one hot commodity for the long term.
In golf a sandbagger is a player who cheats on his/her handicap.Any posts from a sandbagger cannot be believed. PCU has a 10% dividend,demand increasing from China (and developing nations) and cheap non American labor . What's not to like? Got SPLIT ?
Sure it will. I've heard this story before and I've been hearing it since I bought at $23.37 in May of 2005. Kramer has put out the sell at least two or three times since then - glad I didn't listen to him and I hope any PCU posters don't either.
In case you don't know it, copper is cyclical and the price will go down, but even at $1.5/lb., this company makes a lot of money. There is a shortage of the red metal in the world and any new deposits developed now will be in production in 10 years. By that time, China's and India's economies will be taking up all the copper that any new mines might produce.
The same holds true for oil. We will see $75/bbl before we see $40bbl. I am not a buyer at these levels, but I am not a seller either.