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| PAST TOP PICK | 62.540 | Bill Harris, CFA | (A Top Pick Jan 3/06. Up 83.3% when it was acquired in November.) | 2006-12-22 | |
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| PAST TOP PICK | 62.540 | John Zechner | (A Top Pick Jan 6/06. Up 80% at the time of their acquisition.) | 2006-12-12 | |
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| PAST TOP PICK | 62.320 | Bill Harris, CFA | (A Top Pick Aug 25/05. Up 124%.) Had chosen it on the expectation the nickel market would tighten up, which it did. Now looking for junior companies with producing assets. | 2006-09-18 | |
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| PAST TOP PICK | 62.420 | Bill Harris, CFA | (A Top Pick Oct 19/05. Up 84%.) Was incredibly cheap and thought he could make a good grinding rate of return. He also hoped that the nickel market might get tight. Was taken out. | 2006-09-01 | |
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| SELL | 62.230 | Paul Gardner, CFA | If you own, he would recommend tendering as recommended by the board. | 2006-08-08 | |
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| PAST TOP PICK | 62.350 | Bill Harris, CFA | (A Top Pick Mar 24/06. Up 56%.) | 2006-08-01 | |
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| SELL | 62.270 | John Zechner | Would tender at this point. | 2006-07-31 | |
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| HOLD | 62.180 | David Baskin | Today is the favourite tendering. His inclination is, if you own the stock, to hold and wait and see what happens. | 2006-07-27 | |
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| HOLD | 62.390 | Fred Pynn | The chance of them not getting taken over is almost zero. If you own, you might consider taking some profit now and holding on to some and see what might come out of the woodwork. | 2006-07-26 | |
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| HOLD | 63.330 | Michael Smedley | If you own, continue to hold. When the offer is finalised, tender. | 2006-07-20 | |
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| HOLD | 60.100 | Norman Levine | In the takeover battles, this would be the top prize. If you own, keep it until you find out what happens. | 2006-07-11 | |
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| HOLD | 60.100 | Peter Hodson | If you own, you presently have a $59 cash floor. Something could happen were you could make $3/4 more from here. | 2006-07-11 | |
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| HOLD | 55.850 | Gavin Graham | A takeover is in progress. It may very well be in a higher price. | 2006-06-12 | |
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| HOLD | 55.200 | Bruce Campbell | Given that the market thinks there are 2/3 bidders out there, if you own you may be playing around with the last couple of dollars. Consider selling half a position. | 2006-06-08 | |
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| BUY | 52.350 | Peter Brieger | This company is in play for a takeover. The ultimate price will be much higher. | 2006-05-15 | |
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| Comment | 42.280 | Laura Wallace | Will be difficult for anybody else to come in salt she feels it is now a done deal. | 2006-04-10 | |
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| TOP PICK | 40.430 | Bill Harris, CFA | Nickel was the tightest coming into this metals bull market 5 years ago and they managed to fully restock the metal 2 years ago. It is now becoming tight again. | 2006-03-24 | |
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| DON'T BUY | 39.180 | Norman Levine | Nickel prices have been good and this is a takeover candidate. Inco (N-T) has a bid on the table and Xstrata from Switzerland is rumored to be a buyer. The stock is up on takeover speculation. Probably overvalued on a fundamental basis. | 2006-03-21 | |
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| PAST TOP PICK | 38.390 | Bill Belovay | Falconbridge is up in price. Strata and Inco are two companies trying to out bid each other to merge with Falconbridge. Inco has extended its bid until June. | 2006-03-14 | |
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| BUY | 35.300 | Rob Callander | Amalgamation with Inco (N-T) (See the Top Pick) will be a good thing with very positive synergies. | 2006-01-24 | |
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| HOLD | 34.750 | Peter Brieger | Likes nickel and thinks that the merger with Inco (N-T) will go through. doubts there will be another offer at this point. | 2006-01-16 | |
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| TOP PICK | 34.750 | John Zechner | Commodity prices are generating lots of cash. The additional part for this, is that it is a sure term play. The deal with Inco (N-T) will be somewhat accretive as you will get synergies on the cost side. On the other side, if somebody is going tostep in to make a higher offer, its going to be within the next month. | 2006-01-16 | |
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| BUY | 36.200 | Paul Harris, CFA | A good story. The merger with Inco (N-T) will help both stocks. | 2006-01-09 | |
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| TOP PICK | 34.970 | Bill Belovay | This is a double play. They are going to be merged with Inco (N-T) which will create big synergies. This will be the number one nickel producer in the world. | 2006-01-05 | |
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| HOLD | 34.110 | Michael Smedley | Generally speaking, during mergers, you wait and tender to the new company. You could also have a new company come in. | 2006-01-03 | |
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| TOP PICK | 34.110 | Bill Harris, CFA | Not necessarily the best industry to be in, in the longer-term. This is its window that even in the next five years, it will do extremely well. | 2006-01-03 | |
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| Comment | 34.600 | Laura Wallace | Q: Will Teck Cominco (TEK.SV.B-T) buy Inco (N-T) after the merger? A: Teck Cominco has enough cash flow that it has to be looking at acquisitions but this would be a pretty big bite for it. | 2005-12-22 | |
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| HOLD | 35.390 | Peter Brieger | Merging with Inco (N-T) and once this is done there is talk of somebody coming in to buy it out. Lokes the metal stocks in general. | 2005-11-29 | |
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| HOLD | 35.340 | Michael Smedley | When you are looking for synergies, there is notthing better than the merger with Inco (N-T). It's probably a little too late for buying it now. | 2005-11-18 | |
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| TOP PICK | 34.920 | Shauna Sexsmith | Stock is trading pretty close to the value of the bid from Inco (N-T). The merger creates the world's largest nickel producer, a very good copper producer and there is great growth in these assets. Will get good synergies out of this. | 2005-11-16 | |
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| TOP PICK | 35.450 | Mark Jackson, CFA | Likes the company on its own, but it's also being in the midst of a takover. Really likes the Inco (N-T) Falconbridge combination in terms of cost savings. Creates a fairly large Canadian nickel producer which could be a potential take out target. Also thinks there's potential upside in commodity price. | 2005-11-15 | |
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| HOLD | 34.940 | Michael Smedley | A wonderful situation for the invetor if you are going to make money. You have the potential combination of Inco (N-T) and Falconbridge with another potential for other companies to go for either of them and feels there will be more fun in this direction. | 2005-11-10 | |
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| WAIT | 33.290 | Laura Wallace | The synergies that can come from the Inco (N-T) and Falconbridge (FAL.LV-T) merger are tremendous. The outlook for nickel is also good. There will be some to-ing and fro-ing, so wait for a bit. | 2005-10-19 | |
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| TOP PICK | 33.290 | Bill Harris, CFA | Based on higher commodity prices, combined with Inco (N-T) he can see this becoming a $40 stock. | 2005-10-19 | |
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| HOLD | 33.900 | Bob Stodgell | If you own and want a long term holding, accepting the Inco (N-T) shares might be the direction you should look at. | 2005-10-13 | |
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| SELL | 34.590 | Michael Sprung | Inco (N-T) has made an offer to acquire and feels it is a good deal and makes a lot of sense. This will produce a very strong Canadian company with a good future going well out over the next decade. Would probably sell into the rally. | 2005-10-11 | |
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| WAIT | 31.460 | Laura Wallace | Would prefer Inco (N-T) over this company. There is a lot of price froth over all the takeover rumours. | 2005-09-26 | |
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| BUY | 29.450 | Paul Harris, CFA | Likes this company as it is a cheap stock and is being restructured with costs coming down. Have a large smelting capacity. Not a lot of money has been invested in smelters, so at some point in time those margins go up. | 2005-09-19 | |
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| HOLD | 28.200 | Ross Healy | Sold in the last few weeks when it met his upside target. Has the potential to go higher, but it has to get through the $29/30 technical barrier. Would probably go for Inco (N-T) which has not moved as yet. | 2005-09-14 | |
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| BUY | 28.330 | Bill Harris, CFA | Likes it because it has been slightly out of favour for a long time and is restructuring since being spun out of Brascan (BNN.LV.A-T). Merged with Noranda. Likes the management team. In the mid term, has a very good growth project. Somewhere down the road, this will be an acquisition by a global player. | 2005-09-13 | |
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| BUY | 28.820 | Mark Jackson, CFA | Thinks there's upside for the company to continue to grow production and also feels that the pricing of nickel and copper will see some steady pricing for the next 12/18 months. | 2005-09-12 | |
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| DON'T BUY | 28.850 | Brian Acker, CA | Sold his holdings and took his gains last month. Doesn't move much on news as the valuation is very high. $29/30 is the peak valuation. | 2005-09-07 | |
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| BUY | 27.800 | David Burrows | One of the strong companies in the metal sector. There is a potential over the next several months for a follow up bid for the rest of the company. The stock is just consolidating after a very strong run. | 2005-08-25 | |
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| TOP PICK | 27.800 | Bill Harris, CFA | Has picked this in the past and put it on the list to give an update. | 2005-08-25 | |
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| BUY | 27.410 | Laura Wallace | A fine company. With restructuring of Noranda (NIF.UN-T) and Brascan (BNN.LV.A-T) selling its 20%, it's well positioned. It's come off because there was an expectation that the whole company might be taken out. Prefers Inco (N-T) because of Voiseys Bay and the Goreau projects. | 2005-08-24 | |
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| BUY | 28.250 | Peter Brieger | There are 2 very cheap stocks in the metals sector. Falconbridge (FAL.LV-T) trading at about 4 X cash flow and Sherrit (S-T). Have always liked this stock. | 2005-08-17 | |
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| HOLD | 29.250 | Norman Levine | Nickel prices are looking good and copper is continuing to do well. | 2005-08-15 | |
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| PAST TOP PICK | 27.100 | Bill Harris, CFA | (A Top Pick Mar 21/05. Up 8%.) The only name he has in base metals. An inexpensive stock. | 2005-08-10 | |
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| BUY | 26.450 | Brian Acker, CA | His model price is $40, but doesn't think it will ever reach this. Has a short term taget of about $32. | 2005-08-04 | |
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| VAGUE | 24.800 | Laura Wallace | Copper is considered a very good indicator of economic strength because it's used so much in building. You also have the nickle which gives youy a double exposure, so, if she bought, would prefer this one over Inmet (IMN-T). | 2005-07-25 | |
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| DON'T BUY | 22.350 | Bruce Campbell | Just ready to report and the earnings should be pretty decent as nickel and copper prices have been very high in the last quarter. Metal stocks have been one of the most disappointing groups in that prices are high but the stocks don't follow through. Won't do as well from now on, based on the price. | 2005-07-14 | |
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| BUY | 37.010 | Michael Smedley | It's better that there will be a consolidation of all assets under one roof. Probably a little boring relative to some of the other major mines, but it is rated more cheaply in the market, so there is a catchup process here. | 2005-06-08 | |
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| DON'T BUY | 35.090 | Bruce Campbell | On its way to becoming Noranda-Falconbridge. Likes nickel, but it's closer to the end of the cycle. Would prefer Inco (N-T). | 2005-05-16 | |
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| BUY | 42.150 | Paul Harris, CFA | The deal with Noranda (NRD-T) is a great deal as it brings two companies that should be together, together. Well run. Very cost effective. | 2005-04-22 | |
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| HOLD | 41.100 | Pierre Bernard | Q: Should I sell on the open market or tender to Noranda (NRD-T)? A: Tender it to Noranda. This will put you into a new company which is bigger with some good potential and a more attractive company for a take-over target. | 2005-04-18 | |
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| HOLD | 40.800 | Peter Grandich | Recommended that minority shareholders accept the offer to merge with Noranda (NRD-T). You won't have much of a choice as they will control it soon. | 2005-04-15 | |
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| BUY | 42.880 | Paul Harris, CFA | Likes the deal between this and Noranda (NRD-T). It will be great for both companies. The overall dynamic is very positive. | 2005-03-28 | |
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| WEAK BUY | 43.710 | Brian Acker, CA | With talk of a takeover, it's really trading in line with Noranda (NRD-T). Would like to see a pull back. To participate in the gains of these 2 companies, would recommend looking at Brascan (BNN.LV.A-T) which is enjoying all those earnings coming in. | 2005-03-22 | |
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| TOP PICK | 24.900 | Bill Harris, CFA | (A Top Pick Jan 7/05. Up 26%.) One of the more inexpensive stocks. Treading water at the $21/22 range. Even if the Ming deal went through, would hope to get $24.50 which is a 16% rate of return. Brascan releasing is good as he feels it will be a great performer on its own. | 2005-03-21 | |
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| HOLD | 41.200 | David Cockfield | Stock reflects the current price. | 2005-03-10 | |
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| SELL | 35.680 | Fred Pynn | Well due to increasing prices. Diverserfied. If good markets in China persists may have another good year. | 2005-03-03 | |
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| VAGUE | 34.600 | Bruce Campbell | Hard to choose between this and Inco (N-T). It could be argued that if anything happened to Noranda, there could be a possibility of Falconbridge being sold, so would probably pick this one. | 2005-02-16 | |
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| BUY | 32.100 | Don Vialoux | Had a nice breakout in January but now back again. Technically it's just got into gear in the last little while. The indicator for institutional buying/selling (on balance volume) is very strong, probably due to Noranda, which owns 56%, being a possible takeover. Falconbridge also came out with very strong earnings. | 2005-02-10 | |
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| TOP PICK | 32.000 | Mark Jackson, CFA | Looks cheap. Fundamentals on the nickel side are such that there should be continued strength in the price. Not expecting prices to go up, but the supply situation is such that there shouldn't be too much downward pressure this year. Very strong balance sheet generating a good cash flow. Growing production and lowering costs on production. | 2005-02-01 | |
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| BUY | 30.450 | Peter Brieger | Both Noranda and Falconbridge are the cheapest on a Price To Cash Flow basis using this year's and next year's cash flow. Still buying for new clients. | 2005-01-27 | |
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| BUY | 30.550 | David Cockfield | Remains relatively positive on the base metals. Pricing on copper and nickel have held up well. Feels it represents good value here. | 2005-01-21 | |
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| BUY | 30.300 | Fred Sturm | A very good way to play in the resource markets. Looking out over a 4 year period, a company that's trading under $30 and is likely to earn $3 per year for a number of years, and if nothing else, the balance sheet value will grow over 40% just based on actual earnings and cash generation. | 2005-01-14 | |
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| DON'T BUY | 28.740 | Bill Harris, CFA | Likes the nickel market. This one has had a good run. Playing nickel the cheaper way, through Noranda. | 2005-01-07 | |
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| BUY | 31.100 | Peter Brieger | Should be considerably higher. On a Price to Cash Flow basis, it is among the cheapest. Likes minerals going forward. | 2004-12-31 | |
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| DON'T BUY | 30.580 | John Zechner | If Noranda gets bought, they probably end up with a big piece of Falconbridge and do they sell it off or do they buy in the rest? Cheap with copper/nickel prices going through the roof. Getting concerned with commodity producers. Nearing its exit point. | 2004-11-11 | |
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| BUY | 31.700 | Matt Baillie | A real gem. Feels that nickel and copper prices will stay high and there is a supply issue for many years to come. | 2004-10-22 | |
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| BUY | 31.040 | Rob Callander | Feels that metals stocks should do well at this point in time. Nicholl has the best supply/demand fundamentals. | 2004-08-16 | |
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| BUY | 30.400 | David Baskin | Nickel inventories continue to be very tight, and yet the price is down $1. | 2004-07-29 | |
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| HOLD | 30.800 | Paul Harris, CFA | Earnings were pretty good. Steel prices have helped them. | 2004-07-23 | |
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| BUY | 32.450 | Ray Steele | Outlook for copper is favourable. Takes years to bring on more production. Should do very well. | 2004-07-12 | |
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| BUY | 32.590 | Peter Brieger | Good price to cash flow. Prefers over Noranda which is up for sale. More profitable of the two companies. | 2004-07-05 | |
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| BUY | 32.800 | John Zechner | Likes nickel and copper. Still in the early innings of a commodity market. | 2004-06-23 | |
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| WEAK BUY | 31.000 | Norman Levine | The inventory outlook for nickel is heavy. There is a lot more nickel around then there is copper, zinc, etc. | 2004-05-28 | |
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| DON'T BUY | 31.190 | David Burrows | Had some negative news that their Kid Creek mine. Likes the sector, but would prefer Noranda and some of the US producers. | 2004-05-27 | |
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| DON'T BUY | 30.640 | Paul Harris, CFA | The base metal sector is being driven by the expansion of China. Feels that a lot of these companies are at their peak. It's not unusual for a pullback of 50%. | 2004-05-21 | |
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| DON'T BUY | 28.350 | Norman Levine | All of the metal stocks have come off sharply. Nickel probably has the worst fundamentals of the major commodities. Expect nickel to lag. | 2004-05-17 | |
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| BUY on WEAKNESS | 28.700 | Rob Callander | Very highly leveraged on nickel. The price of nickel should continue to do well. Spring or early summer is the time to buy. | 2004-05-10 | |
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| HOLD | 30.300 | John Zechner | Likes commodity stocks in general. Not as bullish on nickel. Could move higher as metal stocks move. | 2004-05-06 | |
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| DON'T BUY | 29.010 | Bill Carrigan | Developed a nice base from 2000 to 2003 and then had enough trend in 2003. Too much bullishness now. | 2004-04-28 | |
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| WAIT | 32.850 | Glenn Paradis, BA, CFA | Feels commodities are in a bull market but in the near term, will see continued weakness. Wait for it to settle down. | 2004-04-22 | |
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| DON'T BUY | 34.470 | Norman Levine | Outlook on the metals stocks in general is that commodity prices got over extended. Prefers Tek. | 2004-04-07 | |
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| BUY | 33.450 | David Burrows | Likes base metals. | 2004-03-15 | |
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| BUY | 34.750 | Bob Stodgell | If you think international demand for raw materials, commodities is going to improve, this is a kind of stock to own. | 2004-02-26 | |
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| BUY | 33.550 | Michael Smedley | A must hold. Copper prices are soaring. | 2004-02-25 | |
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| BUY | 33.650 | David Burrows | Performing extremely well. Expects they will ramp up their production fairly quickly, following the strike settlement. It didn't pull back when the sector pulled back. | 2004-02-24 | |
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| BUY | 34.340 | Ross Healy | Upside is quite a bit higher because nickel pricing has been extremely strong, so Falconbridge and Inco have quite a bit of potential. Trading at 3X book value compared to Inco's 2X so likes Inco a little better. | 2004-02-23 | |
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| WAIT | 31.090 | Ron Meisels | Stock will be subjected to profit taking. Stock will come back, buying opportunity will occur around $23-25. | 2004-02-02 | |
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| WAIT | 32.950 | David Cockfield | Wait. Preparing to strike. Sit on sidelines. | 2004-01-29 | |
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| TOP PICK | 35.000 | David Burrows | The cyclical stocks are set up for what could be a multiyear rally. With their copper, nickel and zinc they are good representative of the sector. | 2004-01-22 | |
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| DON'T BUY | 31.510 | Ted Macklin | Not a big fan of this company. If you want nickel exposure, go through Inco. | 2004-01-19 | |
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| BUY | 30.910 | Mark Jackson, CFA | Likes nickel. Going forward, it could end up being sold out or bought up by Noranda. This could result in some upside. Would prefer the smaller caps. | 2004-01-08 | |
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| BUY | 27.800 | David Burrows | Expected to be strong for the next couple of years. | 2003-12-03 | |
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| BUY | 28.100 | Michael Smedley | Thinks it can continue to rise. Nickel continues to be attractive. Has a lot of producing mines. Pays a dividend also. | 2003-12-02 | |
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| BUY | 22.350 | Glenn MacNeill, P.Eng. | There are rumors that there are new findings around Voisey’s Bay. Prefers Inco, but should be fine with nickel prices increasing. | 2003-09-24 | |
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| BUY | 22.350 | Laura Wallace | Would prefer Inco. Should do well. | 2003-09-19 | |
Experts that have talked about Falconbridge Ltd
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