Viewing Company Sherritt International Corp. | StockChase
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Sherritt International Corp. Stock Symbol: S-T

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

Last Price Recorded: $1.3500 on 2016-12-02

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Date Signal Expert Opinion Price
2016-12-01 COMMENT Ross Healy

This has gone into the tank, and the balance sheet has fallen away as they have taken off write-offs. It is now rallying with the metals. They are scheduled to lose another $.89 a share this year, which could erode the BV even further.


Price:
$1.240
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-30 COMMENT Lyle Stein

Management has done a great job in doing the things that are necessary. However, a tough problem to overcome is that they have a market cap of over $3 million, which needs to get to $1 billion before institutions get on board. They’ve fixed their debt, but they have to fix the mine in Madagascar. The only pure play in the nickel market, but unfortunately, too small of a market cap for many companies.


Price:
$1.220
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2016-09-15 SPECULATIVE BUY Daniel Lloyd

You have issues with it being leveraged, issues with nickel and political issues in Madagascar.  It could be interesting as a lottery ticket.  They re-structured some of the debt, but that does not mean the equity is going to be worth anything at the end of it.


Price:
$0.810
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Unknown
2016-09-06 SELL Alex Ruus

(Market Call Minute.) Good, long term nickel opportunity, but an over levered balance sheet. A lot of risk.


Price:
$0.830
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-08-03 DON'T BUY Peter Hodson

(Market Call Minute.) They extended the life of their debentures by 3 years, but this is a company that needed 3 years to survive, so you don’t need to be there.


Price:
$0.790
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2016-06-10 DON'T BUY Bill Carrigan

This has been a relative, long term underperformer. When you are an underperformer, you can stay that way for a very long time.


Price:
$0.800
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 DON'T BUY Bill Harris, CFA

Had owned the 8% bonds for very specific reasons. Cuba is essentially a ringed fence and so is the Manitoba smelter. There was $600 million in debt, and he thought the coal assets in Western Canada were worth $1-$1.5 billion. Bond agencies wouldn’t rate this because they didn’t know how to rate the Cuban risk. He didn’t care about that risk because it was offset by the Western Canadian coal. On the hint the company was going to sell the coal, he got rid of the bonds as fast as he could. You are now exposed to the Cuban issue, which is a wildcard. Madagascar, depending on the nickel price, might never make money.


Price:
$0.840
Subject:
RESOURCE & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
No
2016-04-25 COMMENT Paul Tepsich

For 3 to 5 years? A very interesting company. Not overly diversified and sitting on a fairly good chunk of cash. Has some assets, nickel mining and oil/gas and power, in Cuba which have been phenomenal. Has fallen down on its nickel mine in Madagascar. The CapX, which is mostly behind them right now, has kind of blown their brains out. They have 3 bonds outstanding, 2018, 2020 and 2022, and are trading at roughly $.50 on the dollar, very, very distressed with a high yield. They are in a position where they could, and should, buy back debt in the open market. If the nickel market turned around, this has a lot of leverage to nickel.


Price:
$0.910
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Unknown
2016-04-20 DON'T BUY Benj Gallander

(Market Call Minute.) He would avoid this. Their debt load always scares him. Not keen on management.


Price:
$0.910
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
No
2016-03-30 DON'T BUY Jaime Carrasco

We are getting a rebound in a lot of commodities, which could be the beginning of the inflationary wave that he has been waiting for. However, this would not be the way he would play it. He would use Teck Resources (TCK.B-T) as it is a much bigger leveraged type company. His company has this as a sector outperform with a $1.07 target.


Price:
$0.800
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
No
2016-03-29 COMMENT James Hodgins

(Market Call Minute.) Took on too much debt. He is Short this.


Price:
$0.820
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2016-03-01 COMMENT Benj Gallander

Not comfortable with management. Debt load is too high. Has a big project in Madagascar that has not worked out. It is always one of the dangers when you put a lot of money into something that is far away. As commodity prices come back, it should help them. The company has tremendous upside, but feels bankruptcy is not out of the question.


Price:
$0.750
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2016-02-25 DON'T BUY Mohsin Bashir

It has had its ups and downs, and mostly downs.  The commodity price has been a huge detractor.  There are regulatory issues in Madagascar now.  The Cuba businesses are safer, but you have the uncertainty of a new US government coming in. 


Price:
$0.710
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-01-15 DON'T BUY Peter Hodson

This is a commodity stock with debt on the balance sheet which impacts the valuation. All commodities are in decline and at record lows.


Price:
$0.590
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2015-12-30 COMMENT Lyle Stein

Holds this and it has been painful. The only pure play on nickel that you can buy globally today. A market cap of about $250 million Cdn. They have been chopping and chopping costs, and is roughly at $4 a pound, just about where the nickel price is. A great Hold if you’ve got some patience. The stock is well worth more than $2. We need a nickel price recovery. When inventories hit below 400,000 tons, they creep back up, and that is what he is watching.


Price:
$0.730
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
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