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| Peter Hodson of 5i Research Inc. | |
|---|---|
5iResearch | |
| 279 Weber St N | |
| Unit 119 | |
| Waterloo ON | |
| N2J 3H8 | |
| Peter Hodson's website | |
| phodson@5iresearch.ca |
| Comment | Valeant Pharmaceuticals | VRX-T | 49.540 | (Formerly Biovale.) Making a hostile bid for another company in the US. If they do it, the synergies are $400-$600 million in cost savings. In the gray area because you don’t know if the deal is going to go through. | 2011-04-26 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 27.860 | Believes the nuclear industry is dead for 15 years. Tough for politicians to advocate this energy source. | 2011-04-26 | ||
| HOLD | Niko Resources | NKO-T | 82.610 | Great company over the past decade. Great gas discovery in India and great cash flow. Thinking of increasing their interest in some other projects and may need $700-$800 million of debt financing. Has very clean balance sheet and investors are concerned about adding debt and capitalizing on the new development. Also their partner Reliance Industries has gone to war with the Indian government. | 2011-04-26 | ||
| Comment | Potash Corp of Saskatchewan | POT-T | 55.540 | Likes the agricultural space. His favourite would be Allana Potash (AAA-X), a junior Ethiopian play, which has great grades and an equivalent value based on some of the larger cap companies that are much higher. | 2011-04-26 | ||
| Comment | Yellow Media Inc | YLO-T | 4.870 | Starting to transition into the digital media world. Doing OK with this but is a stock that everybody loves to hate. If you have a good time frame, just collect the 13% dividend. They are not going to go away any time soon and you’ll get your investment back in dividends if the company survives, which it can easily do. | 2011-04-26 | ||
| TOP PICK | Omnivision Technologies Inc | OVTI-Q | 34.630 | Makes the sensors for cameras that go in iPhones, Blackberries and iPads. Very fast growth rate. Trading at about 11-12 times earnings. Good cash on the balance sheet. Huge Beta to the stock market. | 2011-04-26 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market. It’s been a big rally and the party will continue if Ben Bernanke decides to go with Q3. High gas prices will be his excuse. He’ll say we need the consumer to come back and they are getting squeezed on high gas prices. At least with inflation you have the potential of growing out of your problem. With deflation, it’s all gone. | 2011-04-26 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Rare earth. The whole sector has been very hot recently There are some US names like Rare Earth Elements that has done very well. In Canada, Great Western Minerals (GWGX) is his favourite. | 2011-04-26 | ||
| TOP PICK | Alexco Resource Corp. | AXR-T | 8.930 | Silver play in the Yukon. Has just gone into commercial production. Have a great exploration potential as they go into old mines and try to re-work them. Also no analysts’ coverage whatsoever. Also have a US stock exchange listing. $600-$700 million market cap. Good takeover target. | 2011-04-26 | ||
| PAST TOP PICK | Petrominerales Ltd. | PMG-T | 34.960 | (A Top Pick March 30/10. Up 4.72%.) | 2011-04-26 | ||
| BUY | Gran Tierra Energy Inc. | GTE-T | 7.170 | Had a huge run. Was debt free and had $200 million in cash. Had some nice wells and stock did exceptionally well until about 3-4 months ago. Had a couple of dry wells, which took all the wind out of their sails. Great balance sheet and the company clearly know what it’s doing. If you have a 2 year time frame, this is a great entry point. | 2011-04-26 | ||
| HOLD | Canacol Energy Ltd. | CNE-T | 1.170 | Pretty good company but will be flat for a while. Had a dry well in Guyana, which disappointed investors. Had a great run and was an easy one for people to sell when they had made a lot of money on it. Good management. | 2011-04-26 | ||
| Comment | Atac Resources Limited | ATC-X | 6.990 | Gold in the Yukon. Likes this one. Have a whole ramp up program that is about to begin this year. They feel they have a Carlin vein type of gold deposit, which produced a lot of gold. They won’t really know until they drill it up over the next couple of years. This year should be very interesting. | 2011-04-26 | ||
| Comment | Orko Silver | OK-X | 2.860 | Silver in Durango, Mexico. His partners really like this company. They think silver has just taken a little pause on the way to $80-$90 in the next 18 months. Big inventory shortage of silver. | 2011-04-26 | ||
| PAST TOP PICK | Pareto Corp. | PTO-T (Dead) | 0.010 | (A Top Pick March 30/10. Up 69.71%.) Acquired. | 2011-04-26 | ||
| PAST TOP PICK | DHX Media | DHX-T | 0.930 | (A Top Pick March 30/10. Down 38.51%.) Didn’t work out. | 2011-04-26 | ||
| BUY | Great Western Minerals Group | GWG-X | 0.770 | Rare earth in South Africa. Misunderstood company. Hitting and increasing production sooner than expected. Very strong grades. | 2011-04-26 | ||
| BUY | Allana Potash Corp | AAA-T | 1.910 | A junior Ethiopian potash play. Great grades and an equivalent value based on some of the larger cap companies that are much higher. Likes agriculture right now. | 2011-04-26 | ||
| BUY | Swisher Hygiene Inc | SWI-T | 7.890 | Has done very well until the last 4 days. Their annual meeting is this week so there may be more news. This is a situation where you are just investing with the management team. Won’t be an overnight success story. They did over 400 acquisitions in a year in the last company. Will be volatile but will go up in a year. A $20 stock. All cashed up with $100 million in the bank. | 2011-04-26 | ||
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| BUY | Intertainment Media | INT-X | 1.670 | Active and up and down like a yo-yo. One of the only social media plays on the investment side in Canada. US investors are very intrigued by the company and love the phenomenal growth rate. Expect they will spin out their translator division and you’ll get the real value through that. | 2011-04-26 | ||
| TOP PICK | Alaris Royalty | AD-T | 13.850 | A little tricky to explain. Have a royalty stream on companies but not a resource company. Have a furniture company, steel company, carpet company, etc. They take the top line revenue so they get paid first. 7.7% yield. Raised their dividend twice last year. | 2011-04-26 | ||
| BUY | Barrick Gold | ABX-T | 45.930 | Very good company for gold exposure. Expect they will do more acquisitions. | 2011-01-25 | ||
| DON'T BUY | Ivanhoe Energy | IE-T | 3.190 | Elephant hunters! You have to almost put fundamental analysis on the shelf. Look at only how much the wells will cost to build and what is the upside. Recently announced a couple of nice gas discoveries. Would rather have it when he has full knowledge of what they’ve got and pay more for it. | 2011-01-25 | ||
| BUY | Wi-Lan Inc. | WIN-T | 6.590 | Likes what they’ve done. They clearly own the patents and you are starting to see companies like Broadcom (BRCM-Q) and Atheros (ATHR-Q) hall into play. As this happens, it gives the other companies an incentive to fold too. A perpetual annuity of cash flow coming in. Sitting on $100 million in cash. One caveat, they issue a lot of stock. | 2011-01-25 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | MiGaming (?). Software company that works with resorts and phone companies for gambling solutions. Also have arrangements with some countries to do national lotteries. Very well run company. Stock is exceptionally thin. Likes the long term but will take a while for them to kick the contracts in and get them going. | 2011-01-25 | ||
| Comment | Gluskin Sheff + Associates | GS-T | 21.100 | Has been negative on the market for quite some time. Had an OK year but expects people are thinking how are they going to get money in with a negative viewpoint. Will participate with money flowing in. Well run and paid a special dividend. He prefers a really fast growth stock. | 2011-01-25 | ||
| Comment | Quadra FNX Mining Ltd | QUX-T | 13.290 | Owns but has been Selling his shares as fast as he can. Horrible production numbers and guidance. He’ll keep half his position. | 2011-01-25 | ||
| BUY | Denison Mines Corp | DML-T | 3.300 | Uranium producer. Has the most leverage to the price of uranium than any other Canadian company. Uranium is clearly in an up trend. Doing a really good job in production but it’s all about leverage. As uranium picks up $2 a week $2 a week like it did in 2006 and 2007, they’ll start making serious money. | 2011-01-25 | ||
| BUY | Migao Corp. | MGO-T | 7.880 | Canadian fertilizer company operating in Chinese. Likes management and their operations. Priced pretty well at 8X or 9X earnings. Had a big setback in 08 but has come back quite strongly. | 2011-01-25 | ||
| TOP PICK | Parex Resources Inc. | PXT-T | 9.200 | Good management. Will produce about 8,000 barrels of oil this year. Had great success in Colombia but are also in Trinidad, which he doesn’t think the market is paying for. Will be slow and steady. | 2011-01-25 | ||
| HOLD | Pareto Corp. | PTO-T (Dead) | 2.690 | Very illiquid company that pays a nice dividend of 4%-5%. Being acquired by a private placement in March. | 2011-01-25 | ||
| TOP PICK | Great Western Minerals Group | GWG-X | 0.960 | Exceptionally cheap. Have a company in South Africa, which has the highest grade of rare earth globally. CapX is much lower than some of the others. Time to production is 2 years as opposed to 4 or 5. Will be fully integrated all the way from mining to producing magnets and will be the only fully integrated rare earth company outside of China. | 2011-01-25 | ||
| TOP PICK | Swisher Hygiene Inc | SWI-T | 6.200 | Clean bathrooms and sell chemicals. Fabulous management team that created billions of dollars in other companies and own 50% of this company and will consolidate the cleaning operations in North America. 2 years from now expect the will make $0.50 to $0.70. | 2011-01-25 | ||
| TOP PICK | Coolbrands (A) Sold to Nestle | COB.A-T | 0.930 | Are buying a company from the founder of Block Buster. They have 60 million in cash and are going to go on an acquisition spree. The company is ok. Have organic growth. This was brilliant. | 2010-10-19 | ||
| DON'T BUY | Manulife Financial | MFC-T | 12.660 | He is not the expert but you have a company that is entirely leveraged to the equity markets. Could potentially loose a lot of money in certain conditions. Other stocks don’t have these risks. He can get tech stocks with 8 or 9 times earnings. | 2010-10-19 | ||
| TOP PICK | Wi-Lan Inc. | WIN-T | 4.560 | There are few choices in the tech space in Canada. 92 Million in cash and 95 companies signed licensing deals with them. Pays 1% dividend. They are suing everyone. Based on patents and people have licensed them already. It’s just a matter of time until one of the big ones falls into them. | 2010-10-19 | ||
| WAIT | UEX Corp. | UEX-T | 1.490 | Has been waiting for uranium cycle to bottom out. All the stocks fell down and are bottoming out and he is waiting. Perfectly poised to recover. Waiting to start buying but seeing lots of opportunities in other sectors. | 2010-10-19 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Got a bombshell from Bank of Canada that economy is not going to return to pre-recessionary levels for another year. Things go in and out of favour. If things continue to slow down in the economy then you want to be in value stocks but otherwise you want to be in growth stocks all in. We don’t expect growth to take off until 2012. | 2010-10-19 | ||
| PAST TOP PICK | Keegan Resources | KGN-T | 7.560 | (Top Pick Nov 16/09, Up 24%) Still a takeover name and they still own some. Maybe some day it will get taken over. | 2010-10-19 | ||
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| SELL | Timminco Ltd. | TIM-T | 0.340 | The production quality and quantity never hit what they expected. They had all these customers they pre-paid and had to give back shares. He runs as fast as possible from this situation. | 2010-10-19 | ||
| DON'T BUY | Centamin Egypt | CEE-T | 2.750 | Likes it a lot although valuation is a bit up there. When you have a high value stock you want to make acquisitions. They have indicated they will not do that so all they can do is accelerate their own production or drive costs down. | 2010-10-19 | ||
| Comment | Gran Tierra Energy Inc. | GTE-T | 7.490 | Been a pretty big winner for them. Waiting for their exploration [program to hit. Potential takeover rumour. Remains a great, great company. There is an excess of oil right now globally. A couple of good wells would change analysts’ expectations. | 2010-10-19 | ||
| PAST TOP PICK | Gran Tierra Energy Inc. | GTE-T | 7.490 | (Top Pick Nov 16/09, Up 36.7%) Still Likes it. Based on what they have done so far. | 2010-10-19 | ||
| BUY | Colossus Minerals Inc. | CSI-T | 7.970 | Could have good year next year. Potential upside. Drilling was recently spectacular. | 2010-10-19 | ||
| PAST TOP PICK | Sensio Technologies Inc. | SIO-X | 1.480 | (Top Pick Nov 16/09, Down 32.47) had a lot of hype going into Avatar thinking they would take over the 3d world. Just reported revenue numbers at +200%. A little too soon. | 2010-10-19 | ||
| TOP PICK | Atac Resources Limited | ATC-X | 7.600 | Loves the way they are acting. Have giant district in the Yukon and hot great goals. Management team has 150 years o experience in the area. People have recognized that the upside is huge. Very, very early stage. | 2010-10-19 | ||
| BUY | Athabaska Oil Sands Corp | ATH-T | 10.550 | The big failed IPO of the year. Assets where great but private shareholders made so much money that they were selling. That is all out of the way. Significant insider buying. Everyone hates it, failed IPO bit insiders are buying so may be time to buy it. | 2010-10-19 | ||
| SPECULATIVE BUY | Quetzal Energy | QEI-X | 0.170 | You are in the zone of testing right now. Have an oil well and put out a press release this week. Until they come out with a number you don’t know. If they hit this well you could see good things. | 2010-10-19 | ||
| BUY | Eldorado Gold | ELD-T | 16.670 | Growth profile is spectacular. This one has always had a premium multiple and their production growth profile has to catch up to the premium multiple. | 2010-07-22 | ||
| DON'T BUY | 01 Communique Laboratory | ONE-T | 1.160 | In a patent dispute with Citrix (CTXS-Q), which looks like it is going their way but the same thing happen to him or five years ago when one of the judges derailed the whole process. Now back on track, but Citrix has a lot of firepower and money so they can delay it. Long, drawn out process. | 2010-07-22 | ||
| WATCH | Stake Technology | SOY-T | 5.070 | Health food. Was a growth by acquisition and they bought everything they could in the organic sector but it didn't work out so well. Looks like they have turned it around so now is the time to pay more attention to it. | 2010-07-22 | ||
| Comment | Westport Innovations | WPT-T | 19.690 | Has been very strong in a weak market. Doing a lot of things right. The trend is your friend on this one. | 2010-07-22 | ||
| BUY | CML Healthcare | CLC-T | 9.850 | Great little company for income. Good distribution and are an oligopoly in Ontario. However expanded outside of Ontario, which didn't go as well. If you're worried about the economy, lab-testing business is about as rock solid as you can get. | 2010-07-22 | ||
| Comment | Crew Energy Inc. | CR-T | 16.800 | Well managed. Growth rate has been phenomenal. Very tied into a couple of hot gas plays. Could be a takeover candidate someday. If gas does well it probably has $1-$2 more upside pretty easily. | 2010-07-22 | ||
| BUY | Grande Cache Coal Corp. | GCE-T | 5.720 | Good company. Operating update last week was pretty good. Great leverage to the world's steel markets. | 2010-07-22 | ||
| Comment | San Gold Corporation | SGR-T | 3.830 | Nice company. Properties in Manitoba. Drilling results have been very strong. Did a very big issue 4-5 days ago that they had to reduce from $130 million $80 million indicating the market did not want to come up with the larger amount. Short-term the stock is not going anywhere but long-term it's a rock solid company. | 2010-07-22 | ||
| BUY | Osisko Exploration Ltd. | OSK-T | 11.830 | Have done everything perfectly. The mine is almost ready to go. Good takeout candidate at a higher price level. | 2010-07-22 | ||
| Comment | Petrominerales Ltd. | PMG-T | 30.000 | Market is not rewarding companies that are doing well because of what might happen in the future. This company has done nothing but create great, great results and beat expectations but the stock is not doing much. Stock price will go up $10-$15 in a good market. | 2010-07-22 | ||
| DON'T BUY | D-Box Technologies | DBO-T | 0.390 | They have a $10,000 theatre seat that will rumble when the dinosaur walks by. They sell these seats in theatres at a premium price. Can't see this as a huge market. | 2010-07-22 | ||
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| Comment | Thompson Creek Metals | TCM-T | 9.490 | Stock went down when they acquired the copper play Terrane Metals. If they had not bought this, it would've been a takeover target for the molybdenum assets but now it will have to prove itself. | 2010-07-22 | ||
| DON'T BUY | Dryships | DRYS-Q | 4.280 | Exposure to global market, a better play than just the US market, but was close to bankruptcy and the board got nervous and started issuing new issue after new issue. Not completely out of the woods yet and wouldn't be surprised if they issued more stock. Would prefer something like Frontline (FRO-N) with a 9.5% yield or Ship Finance (SFL-N) with a 7.4% yield. | 2010-07-22 | ||
| WATCH | BioExx Specialty Proteins Ltd. | BXI-T | 1.940 | Doing a cold process to crush canola to extract protein. Was concerned when they announced a 2nd facility before the 1st was working. It now looks like things are working pretty well. Margins they could earn are quite substantial. | 2010-07-22 | ||
| PAST TOP PICK | West Timmins Mining Inc | WTM-T | 3.010 | (A Top Pick Aug 6/09. Up 35.59%.) Company was acquired. | 2010-07-22 | ||
| PAST TOP PICK | Legacy Oil + Gas Inc. | LEG-T | 11.620 | (A Top Pick Aug 6/09. Up 11.89%.) Has a great play. $1,500 billion Market Cap right now and it looks pretty good. | 2010-07-22 | ||
| PAST TOP PICK | Gravity Co. Ltd. | GRVY-Q | 1.540 | (A Top Pick Aug 6/09. Down 11.04%.) Sold his holdings. | 2010-07-22 | ||
| TOP PICK | Parex Resources Inc. | PXT-T | 4.850 | Oil/gas in Colombia. Just announced that one of their wells hit 500 barrels a day and could be 2500 a day. Great Management. | 2010-07-22 | ||
| TOP PICK | Delcath Systems | DCTH-Q | 7.430 | Liver cancer treatment. They isolate the liver and then pump more chemo to kill cancer cells. Survivor rate has gone from 4 to 23 months. Market potential is about 5-6 billion globally. Stock dropped when a scientist said it wouldn't work but FDA protocol showed results were significant. | 2010-07-22 | ||
| TOP PICK | Canaco Resources | CAN-X | 1.550 | Gold. Came out with some fantastic drill results in Tanzania, 37 m with 12.5 g. Looks like they are going to have 3 million ounces ultimately. Open pit and low CapX. | 2010-07-22 | ||
| PAST TOP PICK | Cryptologic | CRY-T | 3.920 | (A Top Pick April 30/09. Down 49.89%.) Sold his holdings. | 2010-03-30 | ||
| PAST TOP PICK | Corriente Resources | CTQ-T (Dead) | 8.180 | (A Top Pick April 30/09. Up 10.75%.) Sold his holdings as it was a target for a takeover bid. | 2010-03-30 | ||
| Comment | Ivanhoe Mines | IVN-T | 17.320 | Just above its 1997 IPO price. Expect it will be a takeover company in the next 18 months. | 2010-03-30 | ||
| PAST TOP PICK | Computer Modeling Group Ltd | CMG-T | 17.000 | (A Top Pick April 30/09. Up 67.01%.) | 2010-03-30 | ||
| Comment | Western Canadian Coal Corp. | WTN-T (Dead) | 6.160 | Iron ore prices have just gone up over 90%. With the steel industry back on fire, the whole derivative trade on steel is coming back so iron ore and coal are doing very well. Doesn't like to see expansion so he would be a little careful this year. | 2010-03-30 | ||
| TOP PICK | Petrominerales Ltd. | PMG-T | 34.100 | A true growth company. Average 4th quarter daily production from oil in Colombia was 22,000 and is currently 55,000. Their wells are so prolific that they are unhooking pipelines from old wells that are not producing enough. Great management. Will ultimately sell the company. | 2010-03-30 | ||
| BUY | Pine Tree Capital Ltd. | PNP-T | 1.820 | Like a little mini mutual fund of small-cap resource companies. Track record has been pretty good. If you believe in the small-cap space, this is a pretty good investment. | 2010-03-30 | ||
| Comment | Wavefront Energy & Environment Services | WEE-X | 2.330 | Technology to increase reservoir oil production. Recently got a big contract. Now basically is when does the next big contract come in? Technology has proven itself and pays for itself in a very short period of time. | 2010-03-30 | ||
| BUY | Ithaca Energy Inc. | IAE-T | 2.040 | Great balance sheet and strong management. Prospects and acreage are very good. As appetite for risk increases in the market, stock will do very well. (Optimistic on the economy for this year but not forecasting beyond 12 months.) | 2010-03-30 | ||
| BUY | Colossus Minerals Inc. | CSI-T | 6.990 | Gold. Just announced a new deal to get additional acreage surrounding their property. Has everything going for it. | 2010-03-30 | ||
| BUY | Legacy Oil + Gas Inc. | LEG-T | 13.360 | Management came in and has done nothing but exceed guidance since then. One of his favourite oil/gas names. Great name. | 2010-03-30 | ||
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| BUY | Activision Blizzard | ATVI-Q | 12.030 | Premier company in games. Earnings, valuation and balance sheet have been solid but about a month ago they decided to put in their 1st dividend. In his experience, the best companies to buy are the ones that return money to shareholders. Very cheap and okay growth. | 2010-03-30 | ||
| BUY | Sensio Technologies Inc. | SIO-X | 2.670 | Compression technology used in 3-D technology. Stock went over $4 but with hype on 3-D technology and a competitor it had a big hiccup but is now working its way back. 3-D is here to stay, as it is more cost-effective. Studios love it because they can charge more. | 2010-03-30 | ||
| DON'T BUY | STEC Inc. | STEC-Q | 12.060 | Hard drive memory systems. Has been a disaster in terms of expectations. They had the lead product and massive orders, no debt and lots of cash and then it fell apart when an insider sold a big block. Competition is taking away all their market. | 2010-03-30 | ||
| TOP PICK | Pareto Corp. | PTO-T (Dead) | 1.660 | Direct marketing company. In-store promotions and direct mail campaigns. One customer is Aeroplan. He is more interested in valuation. Pays a 6% dividend and trades at about 6X next year's earnings. In the past 1.5 years, they started a dividend, raised the dividend, paid a special dividend, paid another special dividend and bought back a third of the company. | 2010-03-30 | ||
| TOP PICK | DHX Media | DHX-T | 1.480 | Production company doing TV shows and pre-finance 85% of the production costs and then sell international. Have 2300 hours of library content and is primarily children's programming, which is international and basically timeless. Content can also be converted to 3-D so likes the potential. | 2010-03-30 | ||
| SELL | Agnico-Eagle Mines | AEM-T | 54.050 | Very expensive compared to some of the other companies that are producing. There are better ones to choose from. | 2010-02-04 | ||
| PAST TOP PICK | Corriente Resources | CTQ-T (Dead) | 8.490 | (A Top Pick Feb 12/09. Up 82.8%.) Being acquired. | 2010-02-04 | ||
| DON'T BUY | Cymat Corp | CYM-T | 0.210 | Metal foam technology. Have an application where they can put it into armoured vehicles for blast disbursement. Also have some small deals on the architectural side. In this environment he doesn't think people will be paying a whole lot of attention to it. | 2010-02-04 | ||
| PAST TOP PICK | Kinross Gold | K-T | 17.540 | (A Top Pick Feb 12/09. Down 25.73%.) Sold his holdings because of better opportunities elsewhere. | 2010-02-04 | ||
| WATCH | Mega Bloks | MB-T | 0.600 | Toy company that had great success made an acquisition and went bankrupt. Did a massive share issue to recapitalize. At least now they're going to survive. Good company, good products. Very speculative. | 2010-02-04 | ||
| TOP PICK | Micron Technology | MU-Q | 8.610 | Market cap of $7 billion, have almost $2 billion in cash and they cash flow almost $400 million a quarter and trading at only 9X earnings. | 2010-02-04 | ||
| TOP PICK | Open Text | OTC-T | 46.980 | Have $250 million+ in cash and growing at 47% a year. Just destroyed their guidance. Trading at only 11X earnings. Licensing revenue is strong. | 2010-02-04 | ||
| STRONG BUY | Research In Motion | RIM-T | 70.960 | Lots of cash and trading at 15X earnings ex the cash. Massive growth potential. | 2010-02-04 | ||
| Comment | Western Canadian Coal Corp. | WTN-T (Dead) | 3.210 | A little bit suspicious as when the stock was above $9-$10, they had 2 approaches to take the company over and it went way down and is now recovering. Not his preferred coal stock. Solid operations and decent balance sheet but it still doesn't continue on an upsurge, it's not going to go anywhere. | 2010-02-04 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Small caps. You don't need to own these right now, as a lot of the large caps are just as cheap. Have been through the problems and generated earnings and cash flow and have lots of cash and are very cheap. | 2010-02-04 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | US$ and Gold? Right now it is popular to bet against the US$. But it's the only place to go when you are scared. Over 5-10 years, the structure of the US the dollar will continue to go down. Short term it will bounce all over the place. | 2010-02-04 | ||
| BUY | Bellatrix Exploration Ltd. | BXE-T | 4.000 | New management team got the company involved in some of the hot areas in western Canada. Exceeded production guidance and upped it. There has been a takeover in the space that makes them look very cheap on a relative basis. Doing everything right. | 2010-02-04 | ||
| BUY | Osisko Exploration Ltd. | OSK-T | 7.960 | Thinks this one will be taken over. Building a mine in Quebec that Goldcorp (G-T) took a position in for 13%. Mine is progressing well. | 2010-02-04 | ||
| PAST TOP PICK | Verenex Energy Inc. | VNX-T | 7.290 | (A Top Pick Feb 12/09. Down 8.42%.) Acquired and he sold out on the first bid of $10 so had a gain of 25.6%. | 2010-02-04 | ||
| DON'T BUY | Largo Resources Ltd. | LGO-X | 0.205 | Had a great vanadium deposit and believed they could make $1 a share once they were up and running. Didn't work out and they did some dilutive financing and he sold his position. Has had a good recovery again but you need global growth. | 2010-02-04 | ||
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| DON'T BUY | Gold Wheaton Gold | GLW-T(Dead) | 0.265 | Company just set up a 1 for 10 consolidation. Signed a deal with First Uranium (FIU-T), which has a gold mine in South Africa that is having pretty serious production problems so they may delay the expansion. Any further delay and First Uranium owes this company $42 million. First Uranium have put themselves up for sale, which is really killed this company because of the uncertainty. | 2010-02-04 |
