My name is Jordan Shaw and I have been an investor in the stock market for 20 years. I have a MBA and I am currently a Certified Public Accountant (CPA). Since the age of 16 I have taken a keen interest in the stock market and used my fathers stock account to purchase my own stocks. I am 36 now, and have started this blog to give you my advice on stocks. Most of my information and statistics come from other sources, but using my research I can make suggestions on stocks that have potential.
Friday, 11 May 2012
A copper stock yielding 6.6%
Southern Copper (NYSE:SCCO) is a leading producer in copper and holds the worlds biggest reserves. As world consumption of copper rebounds the demand for copper should grow at a healthy clip. Copper prices have been on the downfall in 2012 but are up nearly 50% since about 5 years ago. With a new mine returning to full capacity, production saw an increase of 23% in 2011 and so far has a 9% increase this year. Income rose to it highest at 2.3 billion last year, which is a 50% increase. Analysts estimate an 11% yearly growth for the next 5 years. Dividends of this stock are healthy and on the rise, right now it's cash flow is 4.5 times its 6.6% yield. I like the looks of this stock and have personally added it to my portfolio.
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