tc financial situation is reasonable, their product , the real issue, is a long term growth play. Unless there are some real hiccups here, long for the long term, ignore the rest. I will continue to add to my position long...risk benefit favors being long ..even a slow climb to 10/share is a 70% return..will stay long for a long time...this one requires patience..good luck all
I wouldn't say strong sell but I wouldn't say strong buy either.
Two things have me worried: 1. TC will need more moola and how and when they get it is an important element for the next 12 months or till the new mine is finally up and running. 2. Negative data from China is being totally ignored by the NA and Euro indexes. There's really been no sanity check yet on the negative economic data from China, which is supposed to be the growth engine for the world. With Europe is in disarray with unsustainable sovereign debts and austerity measures being implemented and with the US which hasn't resolved their unemployment, housing and debts issues, add to this the slowing in China, reflected in the commodity stocks, one has to step back and just wait which I'm doing !
Look like that the reason why the SP is stuck here for quite some time even when copper price is moving north. Everybody expecting S&P downgrade to come when TC report in the next qtr. Good luck to the longs.