Thursday, June 08, 2006

Mining stocks yields?

Current dividend yield for PCU = 13%. Current dividend yield of FCX=6%. This caught my eye today. Of course, with the decline in underlying commodity prices, I'm sure the market would discount the possibility that profits and hence dividends drop in the future, but this is looking really interesting to me right now. Of course these stocks could well continue to get hammered for weeks - just because something makes sense doesn't make it happen...


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