Q: Is it too late to get into to Taseko Mines? Is there a similar copper producer you would prefer?
With appreciation,
Ed
With appreciation,
Ed
5i Research Answer:
We have been focusing more on larger companies LUN and CS, but TKO is certainly doing fine. It has a fairly leveraged balance sheet which has held us off a bit, but certainly high growth is expected (EPS is expected to triple next year). It is not cheap at 49X earnings because of this expected growth. The last quarter was mixed, however. We think it is buyable but would prefer it cheaper.