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6 pts

Opinion on  Southern Copper Corp (PCU)     Sector: Basic Materials  >  Industry: Metal Mining
Short-Term Risk

Sep 24, 2007 01:23 AM GMT
Return Risk
-36.42% HIGH
Sr. Analyst

 

Long term this is a no-brainer buy.  Short term, the price of copper is going down due to fall in US housing market, and Southern Copper in particular will be having labor issues as their Peruvian miners have voted to strike on OCT 2.  When the strike is resolved, re-assess and probably buy.  Long term this is a winner.


PCU:  This call was made on 09/24/07 @ $121.8
Rating:   Negative   $121.8 (09/24/07)
Closed:   10/09/2007 @ $127.71 (-4.85% in 15 days)
Target:   in < two weeks


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traderdrew   51%     0 point   commented 580 days ago reply

Not any more, this company has been plagued with production issues and the only thing that has been supporting them is rising prices. Global demand will set in and the fact they they dont hedge as much as their competitors will come back to bit them.

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Brian S previously rated PCU
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