| PAST TOP PICK | 85.950 | Ron Meisels | (A Top Pick Feb 21/06. Up 47.3% at the time it was acquired.) | 2007-02-14 | |
| SELL | 85.950 | David Burrows | This stock will be de-listed so if you own, tender it. | 2007-01-08 | |
| SELL | 85.890 | Chris Smith | Wouldn't hold onto the stock. | 2006-10-25 | |
| SELL | 85.160 | Norman Levine | Stock is not going anywhere. If you hold take your money elsewhere. | 2006-09-27 | |
| VAGUE | 85.100 | Paul Harris, CFA | company will probably be sold. | 2006-09-26 | |
| SELL | 85.110 | Laura Wallace | Nortel has a lot of issues facing it. There is a lack of income and the financial house is not in order. Not a good place to be. Sell. | 2006-09-22 | |
| HOLD | 85.310 | Michael Sprung | Doesn't think there will be in it further offers on this. If you have an alternative investment you could go into, he would consider selling at this time, otherwise just hold. | 2006-09-19 | |
| DON'T BUY | 85.600 | Paul Gardner, CFA | There is a 95% chance that the takeover will go through. Should be all over in a couple of weeks. | 2006-09-05 | |
| HOLD | 86.250 | Norman Levine | Being acquired and if you own, you might as well wait and tender to Phelps Dodge (PD-N), which is offering all cash. | 2006-08-22 | |
| HOLD | 88.800 | Peter Brieger | If you own, he would continue holding as it is still incredibly cheap. | 2006-08-14 | |
| SELL | 88.800 | Laura Wallace | If she owned, she would probably take half her money off the table now and then watch to see what gets played out. | 2006-08-14 | |
| SELL | 86.250 | Bruce Campbell | Thinks the most likely thing to happen is that Teck Cominco (TCK.B-T) wins. You are now playing for the last little bit and if it is a large percentage of your portfolio, consider taking some profits. | 2006-08-10 | |
| WATCH | 88.750 | Ross Healey | If he owned, he would probably hang on until the outcome became clear and then he would get out and would not except shares from the acquiring company. | 2006-08-03 | |
| SELL | 87.450 | John Zechner | There may be a little bit more fight left in both bidders to push the price up but not sure it would be much of a gain. Would prefer going into a mid-sized company such as First Quantum (FM-T) or Anvil Mining (AVM-T). | 2006-07-31 | |
| DON'T BUY | 86.570 | Michael Sprung | A mug's game to give into this one at this point. | 2006-07-28 | |
| DON'T BUY | 84.010 | David Baskin | Hold on to see what happens re acquisitions, mergers, etc. Wouldn't buy at this point. | 2006-07-27 | |
| HOLD | 83.050 | Fred Pynn | If you own, holding on is probably the smart thing to do. | 2006-07-26 | |
| SELL | 82.690 | Norman Levine | If you own, consider selling. Not sure how much more upside there could be and the share component of the bidding could make you vulnerable. | 2006-07-25 | |
| BUY | 80.750 | Michael Smedley | Is adding to his position at today's prices on the basis that there will be more action on the takeover. | 2006-07-20 | |
| SELL | 76.940 | Michael Sprung | If he had a position in it, he would be tempted to sell some of it now, not knowing if any or some of these deals are going to come together. | 2006-07-18 | |
| WEAK BUY | 72.960 | Bruce Campbell | Getting near its top. May have 10% more upside. | 2006-07-05 | |
| SELL | 71.640 | David Burrows | Has made an offer to take over Falconbridge. He feels there won't be any other offers so will be selling his holdings. He would use this strength as an opportunity to reduce your weight in commodity stocks. | 2006-06-27 | |
| Comment | 73.180 | Robert Floyd | Looking to acquire Falconbridge (FAL.LV-T) which would be a natural fit. | 2006-06-02 | |
| HOLD | 68.680 | Michael Sprung | We are in a secular good market for primary metals and the demand for a nickel is very strong. This company will do well if you take a long-term view. Has had a good run and has not retraced as much as a lot of the other commodities. | 2006-05-23 | |
| BUY | 74.540 | Bill Belovay | Nickel has moved up to $10 a pound and he is comfortable with it. Teck Cominco (TCK.B-T) has come in with a bid but there could be other bids. | 2006-05-11 | |
| HOLD | 70.180 | Norman Levine | Teck Cominco (TCK.B-T) have put in a bid to buy this company. This is only the first shot. If you own, hold. | 2006-05-09 | |
| BUY | 61.140 | Michael Smedley | The world leader in nickel production. You are dealing with the unknown as they are trying to tidy up a merger regarding Falconbridge. An essential one to hold. | 2006-04-20 | |
| PAST TOP PICK | 64.920 | David Baskin | (A Top Pick Jan 19/06. Up 27%.) Nickel prices have gone up with all the other industrial commodities. Still reasonably priced. | 2006-04-18 | |
| HOLD | 60.400 | Gordon Higgins, CA, MBA, CFA | The takeover deal of Faulconbridge has been delayed because of European regulations. Not a huge risk | 2006-04-05 | |
| PAST TOP PICK | 59.650 | Peter Brieger | (A Top Pick Jan 16/06. Up 16%.) Very cheap at 5.5 to 6 X this year's cash flow. | 2006-04-03 | |
| BUY on WEAKNESS | 53.400 | John Sinkins, CFA | Pending takeover of Inco from Falconbridge. This deal seems to be taking a long time to settle, rumor of a potential better bid for Falconbridge. | 2006-03-14 | |
| BUY | 54.500 | Kyle McKay | There have been some hold-ups with the closing of Inco's merger with Falconbridge but it is looking positive. Long term he is bullish on nickel prices. Predicts as the merger closes the stock will go higher. Recommends legging into a position. | 2006-03-07 | |
| TOP PICK | 58.880 | Ron Meisels | He bought in Jan. of this year. He believes there are definite signs it will do something new. He still owns and is buying it. | 2006-03-02 | |
| DON'T BUY | 57.870 | John Zechner | Tough call. Some restructuring. Slow down in market share and wireless. There is a little bit of a risk short term as they have not shown their fourth quarter. A little bit worried about this stock and he doesn't own as much as he used to. | 2006-02-22 | |
| TOP PICK | 58.350 | Ron Meisels | Thinks it will go to $75 but will take a little time to get there. Risk is between $53-$55 to sell. He bought at $53, new high today. | 2006-02-21 | |
| HOLD | 58.800 | Peter Brieger | It is a good buy. Prefers to buy at $55. A merger is looking likely in the near future. He likes commodities, and the trend of commodity prices. | 2006-02-20 | |
| DON'T BUY | 53.200 | Norman Levine | The commodity and mining stocks had a good move up, but there is now profit-taking in both areas. Wait for these two things to bottom. | 2006-02-13 | |
| DON'T BUY | 55.660 | Larry Berman CFA, CMT, CTA | If you're going to be in a sector that is exploding, this is not the stock to be in. An underperformer. | 2006-02-08 | |
| TOP PICK | 58.350 | Ross Healey | Has had great potential for quite a long period of time. Has been stuck in a trading range and just won’t break out. Is now hoping that it has just done that. Upside potential is huge. Has some marvellous projects coming along which could be enormous profit contributors. | 2006-02-06 | |
| BUY | 58.270 | David Baskin | They are acquiring Falconbridge. The stars are all aligned right now. Not terribly expensive. | 2006-02-01 | |
| DON'T BUY | 52.260 | Bruce Campbell | Has been lagging some of the other base metals. Nickel had moved early, as it often does, in the metals cycle and then flattened out. This is why the stock is not doing much. It's decent value here, but not great value. There will be a little bit of upside. Would be looking for places to get out of it. | 2006-01-24 | |
| TOP PICK | 52.260 | Rob Callander | Likes the outlook for nickel. Over the next couple of years, it will be a tight market for the commodity. Nickel prices will remain fairly strong. 2nd largest nickel producer in the world. Exceptionally well run. A good expansion story. | 2006-01-24 | |
| BUY on WEAKNESS | 51.400 | David Cockfield | This stock has been going sideways. If it drops down closer to $50, it should be a buy. The forthcoming merger should create a good product line, good balance and a great takeover candidate. | 2006-01-23 | |
| TOP PICK | 51.200 | David Baskin | For at least the next two years, nickel is going to be in short supply. In the meantime, they are bringing on Voisey’s Bay which is now in production and is finally making progress in Goro in the South Pacific. The Falconbridge acquisition is going to work out brilliantly. Undervalued. | 2006-01-19 | |
| TOP PICK | 51.630 | Peter Brieger | Will buy more if it pulls back a bit here. Likes nickel. Likes all the things it will produce in the Inco/Falconbridge combination. A great scarcity value in the stock. | 2006-01-16 | |
| TOP PICK | 53.610 | Gavin Graham | Feels that the Falconbridge (FAL.LV-T) deal is going to close. It's a very nice fit. If that does not go through, the growth in Voisey's Bay and Goreau is enough to give them good production. | 2006-01-09 | |
| BUY on WEAKNESS | 50.500 | David Cockfield | Night and bad holding, but would like to buy it at $48. The commodity cycle still has a ways to go. | 2005-12-30 | |
| BUY | 50.470 | Gavin Graham | Has made an offer of to take over Falconbridge (FAL.LV-T). This is one you would buy even if the deal did not go through. They have Voisey's Bay and Gorreau which will increase their output by 50% over the next 3 to 4 years. | 2005-12-29 | |
| BUY | 50.760 | Norman Levine | Has been a relative laggard in the base metals area this year. The outlook for nickel is improving. Their proposed acquisition of Falconbridge (FAL.L V-T) would be very positive for them. | 2005-12-28 | |
| BUY | 50.760 | Peter Brieger | Likes the Inco/Falconbridge combination. Likes all the commodities that both companies are involved in. | 2005-12-28 | |
| BUY on WEAKNESS | 51.470 | Laura Wallace | Looks interesting at this price. A good Canadian large capitalization metal stock. There may be an opportunity with the Falconbridge (FAL.LV-T) merger to pick up some stock at a more attractive valuation. It will be a little more diluted, but the outlook for copper is very good. | 2005-12-22 | |
| DON'T BUY | 49.630 | David Taylor, MBA, CFA | The synergies between this and Falconbridge (FL.LV-T) are very high. Can’t see anybody else topping their bid. Not a big fan of this deal. | 2005-12-20 | |
| TOP PICK | 52.610 | Gavin Graham | Looks like their bid for Falconbridge (FAL.LV-T) might be the one. In the meantime, the price of nickel is going up. Has good exposure to Asian demand. Also likes their assets in Voisey's Bay and Goreau. Even if the nickel price dosen't move, their production is going to increase 50% over the next 5 years. | 2005-12-05 | |
| BUY | 52.330 | Paul Harris, CFA | Would like to see Falconbridge (FAL.LV-T) and Inco merge. Likes the commodities of nickel and copper that they are in. | 2005-11-28 | |
| HOLD | 52.020 | Michael Smedley | When you are looking for synergies, there is notthing better than the merger with Falconbridge (FAL.LV-T). It's probably a little too late for buying it now. | 2005-11-18 | |
| BUY | 53.900 | Brian Acker, CA | Has a model price of $71. A 32% differential. Probably the high would be $60 when he would probably exit the position. | 2005-11-14 | |
| BUY | 47.800 | John Sinkins, CFA | Nickle prices softened late in the 3rd quarter, but cash costs for producing materials is going up across the board so their cash costs went from $2.30 a lb. to over $3. Their merger with Falconbridge (FAL.LV-T) looks like a good combination. | 2005-10-25 | |
| HOLD | 47.980 | Peter Grandich | Base metals have gone from overweighted to evenweighted. This is because of an economic slowdown occurring. | 2005-10-24 | |
| BUY | 47.980 | David Baskin | They'll have their plate full for awhile to intregrate the Falconbridge deal, so there probably won't be any other takeover deals for probably 5 years at least. Just put their nickle processor on line at Voisey's Bay. Likes what the company is doing. | 2005-10-24 | |
| WAIT | 49.500 | 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 | |
| TOP PICK | 51.550 | Ron Meisels | On the long term, everyone should own this stock. Buy at an any opportunity that you get. The stock has a huge base and what is called a secondary. Metals are in the right place and nickel itself is in the right place. It's above its 200 day moving average. | 2005-10-17 | |
| BUY | 51.900 | Ross Healey | Likes the merger with Falconbridge (FAL.LV-T), but even without that the outlook for the company was pretty darn good. Expects this company will be a late bloomer. | 2005-10-13 | |
| BUY | 52.070 | David Cockfield | Likes nickel at its present price. A turn around story with Voisey's Bay coming into production. Merger with Falconbridge (FAL.LV-T) would be good as they will be able to dominate markets again. | 2005-10-12 | |
| PAST TOP PICK | 52.150 | Rob Callander | (A Top Pick Apr 20/05. Up 17%.) Arguably one of a very small handfull of the best metal companies in the world to own. Nickel outlook is still quite strong. Selling off in a commodity sell off today. | 2005-10-05 | |
| BUY | 54.950 | Peter Brieger | Selling at 6.8 X next year's cash flow. Expects some company will take a run at this one. Would consider buying on a 3 year view. | 2005-10-04 | |
| BUY | 54.630 | Don Vialoux | The period of seasonal strength is from the end of September to the end of January. Technically it's in an upward trend. Volumes show that someone is buying this stock in big volumes. Terrible fundamentals as nickel prices are down 25%. Earnings are going to be down significantly in the 4th quarter. | 2005-10-03 | |
| BUY | 54.850 | Norman Levine | Outlook is very good. Outlook for nickel in general has improved. Voisey's Bay has started producing. Thinks it's a probable takeover candidate. | 2005-09-28 | |
| BUY | 54.400 | Michael Smedley | A remarkable company. Has some great projects. Voisey's Bay has been accelerated towards production. | 2005-09-27 | |
| BUY | 50.880 | Norman Levine | Doing well and the price of nickel is doing well and the stock is trending higher. As a base metal stock, prefers Teck Cominco (TEK.SV.B-T). | 2005-09-20 | |
| TOP PICK | 52.000 | David Baskin | Now ready to ship concentrate from Voisey's Bay and as well, they have discovered extensive rich mineralization to the south of Voisey's Bay. They are finally in the sweet spot. Nickel prices are pretty good, their production is soaring, settled all their labour difficulties in Manitoba and even the SOuth Seas project is coming on line. | 2005-09-19 | |
| BUY | 50.650 | Bill Harris | A terrific company, but slightly more expensive than Falconbridge (FAL.LV-T). In the mid term, has very good growth projects. Somewhere down the road, this will be an acquisition by a global player. | 2005-09-13 | |
| BUY | 49.880 | Norman Levine | Short term view is quite positive. Nickel prices are strong. A takeover target. | 2005-08-30 | |
| WEAK BUY | 48.920 | David Burrows | Do have a weighting in some mertal producers, but not this one. If you believe the natural resource story continues, the metal stocks are probably inexpensive. In the last few months there has been a catchup in the oils and this hasn't happened as yet. Will likely be some strength in these companies, but would prefer the mid-size companies. In the large caps, prefers Teck Cominco (TEK.MV.A-T). | 2005-08-25 | |
| BUY | 48.530 | Laura Wallace | Follows this one closely, but doesn't own it currently. Has kind of stalled out here. The outlook for nickel is very positive and this company is well positioned being highly levered to nickel. | 2005-08-24 | |
| WEAK BUY | 50.900 | Martin Hubbes, CFA | Has been volatile. Nickel price dives on any news of recession in China and rises on good news. Lately there's been takeover rumours. This stock will trade with the price of nickel. Longer term have some growth coming from Voisey's Bay and Goreau. Have taken some profits on this stock and refocused into the mid cap market. Prefers Inmet (IMN-T) | 2005-08-02 | |
| BUY on WEAKNESS | 49.670 | Veronika Hirsch | Reorted yesterday and the numbers were OK. They're always going to guide higher costs. Not the best managed company on the planet. However, the nickel business is still in very good shape. If it corrected by $1 she would buy and hold for the Voisey Bay stuff. | 2005-07-27 | |
| WEAK BUY | 51.920 | Don Reed | Great company. Production of nickel is important to the infrastructure. A lot of nickle gets exported to China. Over the long and intermediate term, the company looks alright, but on the shorter term basis, with the metals having done what they've done, you have to be a little bit cautious and pick your spots. | 2005-07-25 | |
| BUY on WEAKNESS | 51.390 | Laura Wallace | Had a big pop yesterday on rumours that an Australian company was going to make a bid for them. Speculative. It is a takeover target but has been one for 10 years. Wait for a pullback. | 2005-07-19 | |
| HOLD | 48.310 | David Burrows | A great pure play on nickel. Share price performance has been reasonable because the metals have had a bit of a sideways consolidation in the last little while. Have upside on their 2 development plays. Would look to see a little bit more share price strength before he entered. | 2005-07-13 | |
| WEAK BUY | 49.370 | Peter Grandich | Long term, this is the premier operating company. His concern is that he can see an economic slowdown. Longer term, because of their ability to partipate in the next economic cycle, it has value. | 2005-07-11 | |
| WAIT | 47.010 | Peter Gibson | There is another 2 months correction on the stock market. Economic sensitive names (energy, base metals) are going to correct more than defensive or interest rate sensitive names (insurance, banks). If you are looking out 12/18 months, it is likely it will outperform interest sensitive or bank stocks. | 2005-06-27 | |
| Comment | 46.900 | Peter Grandich | Looking for a global slowdown in metals. Thinks the highs have been made. A little concerned about being over leveraged on base metal type companies. | 2005-06-24 | |
| BUY | 47.120 | Gavin Graham | Goreau and Voiseys Bay projects are on schedule. Nickel prices are going through the roof. These are the 1st nickel mines to come on stream in 15 years. As always with mines it will take longer than you think and will be more expensive. The longer it takes them the more the nickel price goes up. | 2005-06-08 | |
| BUY | 46.700 | David Baskin | Some base metal stocks that offer upside are Inco (N-T), Teck Cominco (TEK.SV.B-T) or Inmet Mining (IMN-T). | 2005-05-24 | |
| TOP PICK | 46.700 | David Baskin | Thinks there's a lot more upside. Very encouraged on the news of Voisey's Bay which will move into production 6 months earlier than forcast. Nickel inventories are very low. Good assets. | 2005-05-24 | |
| BUY | 47.050 | Peter Brieger | Looking for an entry point and as markets stabilize they will add some to their accounts. Nickel is a premier play. | 2005-05-18 | |
| BUY | 43.500 | Bruce Campbell | Nickel prices are high, so this stock is doing as well as it's going to do this cycle. Stock could get back to $50, but it's a trade there. Ok for the next 1/2 years, but if you're a trader, you might want to get out on the next run. | 2005-05-16 | |
| DON'T BUY | 45.400 | Andrew McCreath | This is clearly a proxy on the price of nickel. They have yet to make a quarter where they make the hay that they should have made given the price of nickel for the last 18 months. Cyclicals are in the midst of a cyclical correction. | 2005-05-04 | |
| BUY | 44.870 | Laura Wallace | The whole commodity sector has been under some pressure, but Inco is particularily well positioned for the next 2/3 years. There's not a lot if increase in nickel supply. Has indicated confidence in the outlook by increasing its dividend. Looking at this stock which has a reasonable outlook if you are a believer in a longer commodity cycle. | 2005-05-02 | |
| BUY | 47.550 | Peter Brieger | Looking at it to get some nickel exposure. Reasonably cheap. Trading at a little over 5 X this year's cash flow. The issue is, what are commodities going to do next year. Any slowdown will impact them negatively. With all metals, take a 3 year view given the long term cycle. | 2005-04-26 | |
| BUY | 47.640 | David Taylor, MBA, CFA | Has never got the credit it deserved because they always run into problems. Voisey's Bay they bought too early and had to take a significant write down. Goreau ran into cost over runs. Feels that the worst is behind them. They are truly set up for a great run. Trading at its net asset value and nickle is the tighest commodity right now. | 2005-04-25 | |
| STRONG BUY | 47.070 | David Baskin | Enthusiastic about Inco. Nickel inventories are close to crisis levels. It takes a long time to bring nickel mines into production. The first ones coming are Inco's at Voiseys Bay and the South Pacific. | 2005-04-21 | |
| TOP PICK | 46.400 | Rob Callander | Nickel is probably the best of all the metal commodities. The market is very tight. Good margins forcast. Voisey's Bay is going to come on stream this year. Will be low cost and a major increase in nickel production. Also just finishing the Gerau project. Not just a cyclical play, but a growth play. Good price. | 2005-04-20 | |
| BUY | 46.750 | Mark Jackson, CFA | Prefers Falconbridge (FL-T) for their nickel exposure. Inco has delivered fairly good results here although it hasn't delivered results that he was expecting given the strength of the nickel markets. The main driver will be where the nickel price is and he believes there won't be a selloff in the price of nickel. | 2005-04-13 | |
| BUY | 48.430 | Don Reed | Nickel is a commodity that is very much in favour these days. If you put together nickel, iron ore and some other reactions together, that forms stainless steel which is very big in infrastructure which is very big in China along with re-builds in some of the other markets. | 2005-04-12 | |
| BUY | 49.040 | Bill Harris | Q: Sell Petro Canada (PCA-T) and Inco (N-T) in order to get cheaper stocks? A: They both have short term events, but actually have great growth projects. Both companies are going to look terrific 2/3 years from now. Commodities are going to be in their favour and long term growth is in their favour. | 2005-03-21 | |
| BUY | 49.300 | Ron Meisels | Metals are the stocks for the rest of the year. | 2005-03-17 | |
| DON'T BUY | 48.740 | Matt Baillie | Commodities have had a great run. Have 2 of the best nickel prospects with Goro and Voiseys Bay in the next few years. These will involve a high capital expenditure. Wouldn't jump in here after the big-run up they've had. There's a lot more growth in some smaller names. | 2005-03-16 | |
| DON'T BUY | 51.000 | David Baskin | No compelling reason to own stock. | 2005-02-28 | |
| BUY | 49.150 | Peter Brieger | Feels that metals are in a 10/15 year bull market. This and Teck Cominco (TEK.SV.B-T) are the most expensive of the Canadian mining companies on this year's projected cash flow, but if metals remain strong, you'll be rewarded in 2/3 years. | 2005-02-24 | |
Experts that have talked about Inco
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