Weekend Edtion: Cramer likes Southern Copper (PCU)
Cramer discussed the NYTimes World Briefing about the leader of the Shinning Path in Peru will spend the rest of his life in prison.
He said this is actually good for Peru and he likes Southern Copper (PCU) the best, formerly Southern Peru Copper. He thinks Peru is a good Latin country that is still pro-capitalism. He thinks it is a real democracy, but the real reason to buy is the yield. It yields 8% from its dividend. It is also #4 on Fortunes 100 Fastest Growiing Companies. He said it has larger reserves than Phelps Dogdge (PD) and he said they can smelter copper cheaper than others. He also said a strike resolution was more favorable to the company. Cramer also said that the new non-hedging policy on copper prices will create an earnings explosion.
He said this is actually good for Peru and he likes Southern Copper (PCU) the best, formerly Southern Peru Copper. He thinks Peru is a good Latin country that is still pro-capitalism. He thinks it is a real democracy, but the real reason to buy is the yield. It yields 8% from its dividend. It is also #4 on Fortunes 100 Fastest Growiing Companies. He said it has larger reserves than Phelps Dogdge (PD) and he said they can smelter copper cheaper than others. He also said a strike resolution was more favorable to the company. Cramer also said that the new non-hedging policy on copper prices will create an earnings explosion.
posted by douglas mcintyre at 8:56 AM
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