Fording Hits New Highs

FORDING CANADIAN COAL TRUST $55.20 (Toronto symbol FDG.UN; SI Rating: Average) continues to hit all-time highs, despite a recent 5.7% cut in its quarterly distribution, to $0.50 from $0.53 a unit. The new implied annual rate of $2.00 gives the units a yield of 3.6%.

Growing… Read More

Teck Cominco LTD. $43 – Toronto symbol TCK.B

TECK COMINCO LTD. $43 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 441.9 million; Market cap: $19.0 billion; SI Rating: Average) is the world’s top producer of zinc, which accounts for 35% of Teck’s revenue.

To cut its dependence on zinc, Teck has diversified… Read More

How Teck Tempers Your Risk

Teck Cominco operates in the Resources sector, which along with Manufacturing is one of the two most volatile and cyclical of the five main economic sectors (the other three are Finance, Consumer and Utility). Teck compounds its risk by growing through acquisitions. That’s riskier than… Read More