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Sherritt International Corp. Stock Symbol: S-T

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

Last Price Recorded: $1.4100 on 2015-07-30

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Date Signal Expert Opinion Price
2015-07-28 COMMENT Bill Harris, CFA

Just hit a record low. They had a change of management and he is not up to speed on the reasons. Between the nickel situation in Cuba and Madagascar, it is just too scary. Madagascar hasn’t gotten up to speed quite as fast as it needs to. There is a huge amount of debt. Way too difficult for him to figure out.


Price:
$1.350
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
No
2015-07-28 PAST TOP PICK Jim Huang

(A Top Pick Sept 3/14. Down 67.82%.) The story is that they are building the big mine in Madagascar. They built the mine expecting nickel prices were going to go up. That was working for a while, but then China slowed down greater than had been expected. They also have a lot of debt. A bit of a dicey situation right now. Sold his holdings at a loss.


Price:
$1.350
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-07-27 DON'T BUY Bruce Campbell (1)

This, with a $10 Book Value, has something like an $8-$9 asset value. The stock is cheap. This is nickel which has been getting hit, oil and gas which has been getting hit and it is coal which is getting hit. It is completely out of favour. Have had cost overruns in Madagascar, but are getting closer to getting it fixed. There are better places to be.


Price:
$1.350
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2015-06-19 DON'T BUY Benj Gallander

It has been beaten up but he does not like the debt load and is not overly impressed with the management.  Maybe he will look more closely at the end of the year.


Price:
$2.230
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
No
2015-05-22 DON'T BUY Bill Carrigan

This company has always had headwinds and is underperforming its peers. Chart shows a downward channel, and he would just avoid it and consider it as dead money.


Price:
$2.470
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2015-05-20 DON'T BUY Paul Gardner, CFA

Would you buy their 8% - 2017 bond? He likes the bond side, simply because when they owned the Saskatchewan metallurgical coal deposits, if Cuba and Madagascar failed, he would at least have an asset that he could grab and would make him whole. They have since sold the Saskatchewan holdings and are now left with Madagascar and Cuba, so you are now dealing with the underlying commodity price that keeps rolling off. The bond is being offered out at around 9% in today’s market, which tells you it is distressed. High-yield bonds should be trading at around 7%. Secondly you are going to have to deal with Madagascar, where the operations seem to be coming on, but there was a big delay.


Price:
$2.540
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
No
2015-05-14 PAST TOP PICK Jim Huang

(A Top Pick May 12/14. Down 40.54%.) The thesis was based on their leverage to the nickel price. In the meantime, Indonesia decided they were not going to export raw ore to China, which is 25% of the total supply. Also, the Chinese economy has slowed down more than he thought it would. Sold his holdings, but that is not to say he won’t get back in.


Price:
$2.770
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2015-05-07 COMMENT Benj Gallander

Looked at this closely, but didn’t have a tremendous amount of confidence in management. This is based on the price of nickel, what is going on in Cuba and what is happening in Madagascar. It has a lot of potential.


Price:
$3.050
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
No
2015-05-06 PARTIAL BUY John Stephenson

Still an attractive company. Cuban relations seem to be improving with the US. The Ambatovy nickel project seems to be moving forward. He can’t see any reason why you wouldn’t consider a small allocation of this.


Price:
$3.040
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
No
2015-05-01 COMMENT Bruce Campbell (1)

If you do an asset value, you get a vote $8 on it. He owns the fixed income on this. It is moving nicely. Nickel prices have finally rebounded this week. Ambatovy just achieved 90 and 90, meaning running at 90% capacity of the mine for 90 days. That is a big deal, and costs came down. If they can keep that going and costs come down a bit further, the stock probably goes into the mid-$3.


Price:
$2.660
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-31 DON'T BUY Paul Gardner, CFA

Bonds? He doesn’t own any thing in this company because of 1) the big Ambatovy mine in Madagascar took a little longer and the overall nickel market is terrible. 2.) He had owned their bonds because of their Saskatchewan assets, but once they sold off, it became a lot riskier. The underlying commodity has now sewered. For the bond, they have enough cash flow to do all right, but you need a recovery in the price of nickel.


Price:
$2.090
Subject:
LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2015-03-26 DON'T BUY Benj Gallander

Lots of difficulties.  He did not come away from the AGM with their management.  It could be a success but right now he is just too scared.  They likely won’t go bankrupt but he does not have confidence in their management.


Price:
$2.210
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
Unknown
2015-03-23 BUY John Stephenson

Nickel is necessary to make stainless steel.  The problem is relatively weak demand and good supply.  Nickel is fine and S-T would be a way to play it.


Price:
$2.290
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
No
2015-03-03 COMMENT Dennis Da Silva

One of the big issues around nickel as a commodity is the export ban in Indonesia. They would like to have smelters built within the country for more value added revenue, rather than just exporting raw material. This has provided a bit of a support mechanism for nickel. This company is a very unique way to play the nickel side of the market. They sold their thermal coal royalty business, so really putting themselves in a more leveraged nickel business. Their Ambatovy mine in Madagascar is still in the ramp up stage, so there is still the sensitivity in ramp up risks. He sees good progress. With a couple more quarters of ramp up progress, with no negative surprises, this is something he might look at in the 4th quarter going into a stronger market in 2016.


Price:
$2.390
Subject:
CANADIAN RESOURCE
Bias:
OPTIMISTIC on ENERGY
Owned:
No
2015-02-13 COMMENT Brendan Caldwell

It will be interesting to see what the new rapprochement between Cuba and the US, will actually mean for this company over the next while. Not surprised the company has taken a bit of a hit since that announcement. Speculation might be that Freeport-McMoran (FCX-N) may want their property back, but he thinks that is a long ways from actually happening.


Price:
$2.330
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 659 entries
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