Teck Resources Ltd. (B) (TECK.B.TO)

Likes this one very much. Wouldn’t buy it today. Continuation of the housing pick-up in the US will have a major impact on the American psyche as well as businesses. If this starts to happen, companies like this are going to start to benefit. Also, a lot depends on what China does.

Copper and metallurgical coal and has been absolutely pounded. Most of the analysts think this is going a lot higher. Loves this company. Well managed. Production has dropped off. Earnings were not that great this past quarter. Shorts have been quickly dropping off in the last month.

It has broken its trend line. But right now he would not be buying. Wait for it to develop more of a base. Would be weary about chasing it here but look for pullbacks over the next 6 months or so.

Likes the company but feels the supply/demand at this point goes against the company. There is plenty of coal out there. China seems to be slowing down. This is very key when it comes to a company like this. Until you see a breakout above the 200 day of about $35 he would be careful.

When QE comes up, seasonal don't come up. They has less impact. 30% of the time seasonals are up. It has not done anything good yet and trends are bad. TCK is making a bit of a base and you have to ask if copper or coal are going to go up. He doesn't see a huge recovery. You will likely run into problems during times of reaching resistance and he doesn't think it will break out yet in a meaning full way.

China is having a $160 billion infrastructure program but you are probably a little bit early and he expects you could see more weakness in this company because of the economic forecasts that we have. Likes the coal business and likes China longer-term. He is sniffing around this one but he may be a little bit early.

(Market Call Minute) Hold until China starts to turn around.

Has pulled back significantly from its highs. His concern is the steep decline in iron ore prices in the last little while. We need to see a bottoming out of iron ore prices.

She is hoping that it will hold at current prices. Suffering from the slower growth in China and Europe. Iron ore and steel prices have been coming down. Very good long-term value but there is no harm in waiting to see how things play out in a month or so.

Have support about a year back. It is positive. If we do get momentum that is pretty positive. Meanwhile we have the support level and you could put a stop loss in there. A short, short-term play.

Resource stocks have taken the Canadian market lower and this is the bellweather. All down 30%. Some things they are doing make it unique. Met coal prices have softened , but share price is reflecting other metals. Zinc has not had much capacity added. $.80 dividend can go up further. Low cost producer. Get paid while you wait. Balance sheet is great. He is beginning to put his toe in the water.

Likes this. A longer-term Buy. You are not going to get paid right away; it is going to be a year story. You really need to see global growth starting to pick up. Coking coal, copper and zinc are areas that are facing some significant headwinds and are challenged in terms of the price. The big driver is China.

He is not buying any mining stocks because he is very uncertain about commodities. This is a high quality company and is well-capitalized. With China’s growth slowing, he would be wary of companies like this right now.

So cheap on a price to cash flow basis he would have this at the top of his Watch List and ready to pounce. The key variable would be a pick up in activity in China.

(Market Call Minute.) Small upside. Some risks on the coal so expects some volume adjustments and lower earnings have to come but still sees 10% upside.