PCU Is On Fire

By | February 24, 2007

I first took notice of PCU in the November issue of SmartMoney’s article, Incoming Yields. PCU was one of the picks and the article recommended at a buy at $51. The stock had over a 9% dividend at the time. PCU seem look like an attractive buy because it was a metal resource stock and it had a higher dividend yield.

Then in the middle of November, it dropped to $50. Having been burned by high yield stocks that summer (PGH, PVX, FDG), I feared that PCU has reached the end of its rise and therefore I did not pull the trigger. I regret not buying it, because now it’s up to $75, a 50% increased from the price I could have bought it at, plus the high dividend payout on top of that.

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