Commodities & Metals
Cramer's New Metals Strategy (AA, LMC, TCK, BHP)
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On today’s STOP TRADING segment on CNBC, Jim Cramer said you need to lay back and look at the smaller sub-$5 Billion stocks in the metals sector since it looks like the huge mergers in thr group may have happened. Two names he gave were Teck Cominco Ltd. (NYSE:TCK) and Lundin Mining (NYSE:LMC). Lundin was one of those lesser known and lesser followed metals stocks we reviewed in May as an overlooked metals stock when shares were at $12.70 or so. He still maintains that Alcoa (NYSE:AA) will not be a public company next year, despite the 3% drop today on word that BHP Billiton (NYSE:BHP) is not going to acquire it.
Jon C. Ogg
July 19, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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