Message #102 From:
Rocketrade Date: August 28, 2007 09:13:42 PM
Where to put your money...
Metals and mining company Sterlite Industries is another top-rated CAPS stocks making our list. The $10.1 billion company is one of India's largest and supplies a significant share of the copper, zinc, and aluminum produced in the country through complete or partial ownership of its subsidiaries. The company is also getting into the commercial power generation business through the development of a thermal coal-powered facility.
Rising commodity prices -- particularly zinc -- have been a boon for Sterlite, helping the company nearly double revenue in fiscal 2007. Given that demand for raw materials around the world is booming, particularly from emerging markets such as India, Brazil, and China, CAPSinvestors see continued dramatic growth for Sterlite. And with a P/E ratio of 6.8 -- well below the 9.8 sported by peer Freeport McMoRan (NYSE: FCX) -- that growth is coming pretty darn cheap. No wonder all 85 of the CAPS All-Star investors rating the company believe it will beat the market.