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.

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http://stocks.investopedia.com/stock-analysis/2012/Near-Tangible-Book-Teck-Is-Worth-A-Look-TCK-FCX-SU-TOT0524.aspx