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: $1.1600 on 2017-09-20

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Date Signal Expert Opinion Price
2017-09-08 HOLD Don Vialoux

He is not familiar with the seasonality of this, but logic would suggest that since it is involved in the base metal sector, it should normally be doing well near the end of the year. Technically, the stock has completed a nice little base, and has just broken above the base, which is quite encouraging. It fits in with something else. The price of nickel, a major part of this company’s production, has recently broken on the upside, and looks like it wants to move higher with other base metals.


Price:
$1.130
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-09-05 COMMENT Michael Smedley

This has always been a very difficult one. It is a Cuba thing. It sold off a lot of its Canadian assets. Has a bit of cobalt which is strong nowadays.


Price:
$1.070
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-30 DON'T BUY Brian Madden

A nickel producer and the stock has been in a long slump. There have been some signs of life in the last few weeks. It is trading in sympathy with all the base metal commodities, most notably nickel. Emerging markets have been growing their economies faster this year than last. The problem he would have is with the quality of the assets and the financial strength of the company.


Price:
$1.090
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-14 DON'T BUY Benj Gallander

It has been on his watch list for years.  He used to not like the management and they have not done well recently. 


Price:
$0.790
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
Unknown
2017-06-12 WATCH Keith Richards

It has been trapped lately.  It is pulling back to the old support level of 70-75 cents.  He would expect it to bounce, but would want it to take out the last peak before buying. 


Price:
$0.800
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-25 DON'T BUY Peter Imhof

Hasn’t followed this closely over the past couple of months, but did do a lot of work on it 6 months ago. Had a lot of debt they were trying to get rid of, at which time the multiple would expand. That has happened, but the stock really didn’t react the way people expected. He would stay on the sidelines.


Price:
$0.800
Subject:
SMALL CAPS
Bias:
BULLISH
Owned:
No
2017-05-25 COMMENT Douglas Kee

A nickel producer in Cuba and Madagascar. They’ve renegotiated their position in Madagascar and have gone from 40% ownership to 12% of equity and debt. Their balance sheet is now in much better shape. It is fully expected this will be completed by the end of June. It will leave them with 2 nickel projects. About $3.50 nickel would be their breakeven, and it is currently trading at $4.15. They really need higher nickel prices. They can survive, because they have cash in the bank and cash from these projects.


Price:
$0.800
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-05-15 COMMENT Bruce Campbell (1)

Reached an agreement with Ambatovy on a joint venture partnership structure, with Sherritt reducing its interest from 40% to 12%, and got forgiven $1.3 billion of debt. This gives them a better balance sheet. You need higher nickel prices. If nickel were to go to $7, this stock would be worth a couple of dollars. It has huge leverage on nickel which overwhelms every other single thing about it.


Price:
$0.840
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-10 COMMENT Norman Levine

His issue has to do with 1) what is happening with the commodities they are in and 2) the geography that they operate in. Madagascar and Cuba are their 2 major markets. He would rather not invest in companies that operate in countries that he is not sure of.


Price:
$1.340
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-02-01 COMMENT Brendan Caldwell

Nickel mining in Cuba. The stock has been up a little over the last while. For basic raw materials stocks, so much is dependent on growth in Asia. Doesn’t think we are going to see the same sort of structural buildout of China for a while. Wouldn’t bet on this company or any other basic raw material producer, on whether or not we are going to see demand in North America.


Price:
$1.440
Subject:
CANADIAN VALUE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-01-03 COMMENT Bruce Campbell (1)

He prefers Hudbay Minerals (HBM-T). Sherritt is nickel, which is finally perking up for the 1st time in quite a while. Their Madagascar mine has a cost of about $4.40. Nickel got over $5 recently, and this spent a lot of time below its breakeven point for quite a while. They have extended their bonds out 5 years, and have done a deal where they no longer fund their 40% of Ambitovy mine, they are only funding 12%, so the balance sheet looks okay. If you believe in the whole economy growing because the US is fiscal stimulating and these prices go higher, he still finds Hudbay safer with a better balance sheet with better zinc prices and a better copper price, and it could go to $10.


Price:
$1.340
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-05 BUY Don Vialoux

Just recently it moved above a key resistance level and started to show an upward trend.  Nickel prices are starting to move higher.  You are into a good position technically and seasonally these stocks do well now.


Price:
$1.390
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
Unknown
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 and VALUE 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 and VALUE 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
2015-12-29 SELL Robert McWhirter

Sell and put into Bank of Nova Scotia (BNS-T)? Two very different stocks. This one ranks 613 in his dividend model. Earnings are expected to improve, but still be negative going from a loss of $1.14 to a loss of $0.82. In comparison, BNS ranks much higher and it looks like the banks as a group are going to improve. He would agree with your thinking.


Price:
$0.770
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Unknown
2015-09-24 DON'T BUY David Baskin

How many Canadian mining companies have stumbled at attempts at mining in Africa?  They are going to write a lot off of their balance sheet.  They have a big hunk of debt and lot of Nickel at a very low price.  The question is if they can finance their debt.  It smells like a value trap to him.


Price:
$0.790
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2015-09-21 DON'T BUY Alex Ruus

You have to know what the commodity is going to do before investing.  S-T has built one of the biggest nickel mines in the world.  But it is a relatively small company and he would go to a larger one if he wanted metals exposure.  He is worried about this one.


Price:
$0.890
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Unknown
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