Investopedia: Near Tangible Book, Teck Is Worth A Look
Commodity companies can do nothing to change the sometimes-devastating
cyclicality of their markets, but that same cyclicality gives investors
multiple chances to play the same stocks. Right now there's a great deal
of worry about global growth, and particularly growth in markets like
China, Brazil and Europe. Although no investor should fool themselves
about the risks involved, the fact that Teck Resources (NYSE:TCK) trades near tangible book value ought to be of interest to investors looking for potentially over-punished commodity stocks.