Southern Copper Corp (PCU)
For anyone out there who has not heard about this company it has been a top performer in my book. Yes in the past 6 months it has fallen, however it still has a very attractive div/yield. At $1.36 or 7.4% makes this look very attractive. In the land of volitility having a position paying high dividends makes it easier to take a day were the market falls 2-3%. The 52-week trading range for this is from 9.12 - 41.00. Most analysts are putting this one on the back burner since Nov-08, but the stock has had quite the rally. The stock has nearly doubled in price since its low of $9.17 in Nov 20, 2008. Its current trading price is at $19.14 as of Jan 06, 2009.
I believe that the reasons why this has bounced back so hard is that copper is still being used on a daily basis and countries like India and China are buying tons and tons fo it for their economic expansions. Its true copper prices have fallen, but since this such a reusable material and that as prices fall more of the product is bought, Southern Copper still makes a profit. How else do you explain 7.4% yield?!
I believe that this is still attractive, if not for the upside, then for the dividend.
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