RE: against15 Nov 2020 12:58
Copper prices likely to rise amidst a good macro background
- Company is being acquired, do not think shareholders will take it
- If i am wrong, we get a free 1-2% return off a short runway
- If i am right, fundamentally strong company
- Positive Free Cash Flow
- Highly levered company against floating interest rate terms
- 3+% dividend yield in a low interest rate environment
- DCF model gives a +27.44% margin of safety with low growth expectations
drive.google.com/file/d/1RcpbZPa_pjGI7GPvOusWbkHAUGwz3XTi/view?usp=sharing
I have entered with 5% of my portfolio with an additional 5% ready should prices drop to a good level.
thanks @Benoak for the feedback!