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Sherritt International Corp. Stock Symbol: S-T

Notes:60% coal, 30% Cuba in oils and nickel mines.

Last Price Recorded: $2.7700 on 2014-10-20 01:14:11

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Date Signal Expert Opinion Price
2014-10-08 COMMENT Benj Gallander

Never had the courage to buy this. Went to their AGM this year, but management did not give him enough confidence to buy into the company. Doesn’t particularly like the financials. There is a lot of debt there. A lot of this company is based on the Madagascar play, which could turn out to be very good for them. On his Watch List.


Price:
$2.840
Subject:
CONTRARIAN INVESTING
Bias:
SELECTIVE
Owned:
No
2014-10-01 DON'T BUY Don Vialoux

We are testing a multi-year low.  The trend is down.  These are not good signs.  Performance relative to market is negative and it is trading below its 20 day moving average.


Price:
$3.140
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
Unknown
2014-09-26 DON'T BUY Michael Bowman

Failed in cash flow and earnings per share and did not have a great quarter at all.  Thinks there will be planned outages on the Madagascar mine.  Once that is up and running he thinks they can cut costs.  His exposure to miners is minimal right now.


Price:
$3.590
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Unknown
2014-09-24 DON'T BUY Paul Harris, CFA

He used to own it as well as the bonds.  There is zinc and coal.  The commodities have come off.  He would stay away from these companies now.


Price:
$3.620
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-09-12 HOLD Bruce Campbell (1)

Nickel prices have gone to $9, but doesn’t seem to drag this one along. Right now they are in the midst of refinancing and rejigging their balance sheet. Sold their coal assets for roughly $900 million. They are just restructuring. Have 3 debt issues that mature 2015, 2018 and 2020, and they are changing that to 2018, 2020 and 2022, and taking enough in that they’ll fix the balance sheet. NAV is over $10. It should be higher, but there is no US involvement because of Cuba. He prefers HudBay Minerals (HBM-T). If you have some patience, it is super cheap and should move over the next few quarters when they demonstrate higher earnings.


Price:
$3.820
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-03 TOP PICK Jim Huang

Has been a chronic underperformer for many reasons. They are in nickel, which is the right place to be for the next 6 months and probably for the next 2 years. Indonesia banned the export of nickel 100% from the beginning of this year. Also, the Philippines are talking about banning it. That takes about 40% of the supply out of the market. He expects nickel prices to maintain and even grow higher from here. The most leveraged, pure play you can find is this company.


Price:
$4.260
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2014-08-15 DON'T BUY Brian Acker, CA

This is the worst company out there. Its management is poor. An activist investor tried turning this thing around, but didn’t succeed. It trades under his last support line of EBV-3. The market is saying the state of the assets is not what it is worth.


Price:
$4.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
No
2014-08-15 WEAK BUY David Cockfield

This is a speculative stock. They have a major project in Madagascar with great partners, but the politics are questionable. There are some environmental aspects to it, but the deposit is excellent. Their technology really fits that particular ore deposit. If this project goes bad, he doesn’t know where the stock will go from there.


Price:
$4.060
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2014-08-08 WAIT Jaime Carrasco

If you are looking at base metals, this would be one he would be interested in. It is well run, well diversified and controls a lot of resource. It might be a little early, but this is definitely one he would be looking at when the time is right.


Price:
$4.000
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
No
2014-07-08 SELL Paul Gardner, CFA

Bonds.  He was a long term holder of their bonds.  There was execution risk, but you had the Saskatchewan assets. Once they sold those, he got out. 


Price:
$4.690
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
No
2014-07-07 BUY James Dutkiewicz

Bond 8.0% November 2017.  It is an improving story.  They sold down some existing gas assets.  Nickel prices are rising.  They are paying down debt.  A good yield enhancer and a short maturity date.


Price:
$4.710
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2014-06-27 HOLD Dennis Da Silva

Sold their thermal coal business, and have about a year to either 1) find an acquisition or 2) pay down existing debt. About as pure a way to play nickel as you’ll find. Just ramping up their Madagascar project. Indonesia has an export ban on iron ore, and if you think that will continue for at least another 6-12 months, there will be continued erosion in nickel inventories and continued strength in nickel. For every 10% increase you see in the price of nickel, you get a 30% increase in EBITDA. Tremendous leverage.


Price:
$4.320
Subject:
CANADIAN RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2014-06-27 COMMENT Jaime Carrasco

Has looked at this in the last couple of months, only because he has been looking at base metal producers. Not ready to invest in any of them because he is still uncomfortable with the global economy. There are issues with the shadow banking in China that are also starting to blow up over the last couple of weeks. Too much uncertainty.


Price:
$4.320
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
No
2014-06-11 HOLD Bruce Campbell (1)

This is a perplexing one. Have gotten past all the proxy battles, and nickel prices have done extremely well. Sold their coal, so the balance sheet currently is very good. The asset value is around $10, so it should trade quite a bit higher. Haven’t totally de-risked their Madagascar holdings, but they will do so over the next few months.


Price:
$4.500
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
No
2014-06-10 PAST TOP PICK Joey Mack

(A Top Pick Feb 24/14. Up 6.65%.) 7.5% Sept 24, 2020. The real story was that the company had just sold their coal business for $900 million. In the indenture for these bonds, they did have to put a bid in at 101. At this point they will be negotiating with bondholders. This company would like to pay down its short-term debt.


Price:
$4.680
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 626 entries
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