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Sherritt International Corp. Stock Symbol: S-T

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

Last Price Recorded: $3.1400 on 2014-10-02 01:14:09

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Date Signal Expert Opinion Price
2014-05-27 HOLD Gavin Graham

(Market Call Minute.) Had some corporate activist investors thinking management was doing a bad job, but the big thing is the new massive nickel mine in Madagascar, which is on stream and producing.


Price:
$4.830
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-05-22 COMMENT Todd Johnson

The volatility you have seen is very much a play on nickel prices, which were high a few years ago and plummeted to a very low level about 6 months ago. This has impacted the share price. He has found money in this company through their debt. They are rated just below investment grade and have bonds in 2018 and 2020 that yield roughly 7.5%. A much safer way to play this company.


Price:
$4.360
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-05-14 WAIT Brooke Thackray

Nickel has performed extremely well. It came back from a strong run.  We are close to a mid-2012 resistance level.  Seasonally it does not do well this time of year.  He would wait until fall.


Price:
$4.470
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Unknown
2014-05-12 TOP PICK Jim Huang

Fundamentally this is a nickel producer. Used to have a big coal business which they recently sold. Also, have an issue with being in Cuba, which precludes a US investor from buying the stock. The big reason why it has run up is because of the nickel price. The Indonesian government just declared that they would not export any unprocessed ore (mostly to China), which cuts out about 20% of global supply. Just bringing out one of the big mines in Madagascar, right place at the right time. Thinks there is a lot more upside here unless the ban gets lifted.


Price:
$4.720
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-05-02 COMMENT Bruce Campbell (1)

Nickel prices have been going crazy. This company is up 63% from its bottom in February. There is a proxy battle which is coming to a head this month. Doesn’t think it will succeed, but it will point out some inefficiencies that will now get fixed. There is a lot of talk about nickel going to $12 a pound, and if it should do that, this company is going to go quite a bit higher.


Price:
$4.690
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-16 COMMENT Rick Stuchberry

This is always a stock that looks cheap because of the asset base. Has good assets, but they are in jurisdictions that cause people some headwinds. One of these days this thing will do better. Feels this is more of a trading situation than an investing situation. If you own and are not a trader, maybe you should take this as an opportunity to lighten up.


Price:
$4.780
Subject:
CANADIAN LARGE & ADRs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-04-03 DON'T BUY Dennis Da Silva

Nickel has had a big run and is the superior of the three base metals.  Indonesia has a ban on export of ore.  They need to get the companies there to build a smelter.  This is a nice clean way to play nickel, but he has not done it.  Russia is a big nickel producer also.


Price:
$4.180
Subject:
RESOURCE
Bias:
SELECTIVE
Owned:
No
2014-04-02 HOLD Michael Bowman

Thinks there is a lot more to the story. There is an activist investor now and we’ve never really had activist investors until just a while ago. He applauds activist investor that comes in and wants a seat on the board and wants to see the share price going higher. This creates a bit of a fire under stock prices. The company has a nickel mine in Madagascar and are anticipating by year-end that the mine will be up to 90%. Earnings on this company is at about $0.30 and next years earnings estimates are somewhere near $1. Stock has great momentum.


Price:
$4.140
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2014-03-17 DON'T BUY John Zechner

If you are bullish on Nickel it is one of the more direct ways to play it.  He does not favour it and is not bullish on nickel. Prefers Hud Bay or First Quantum.


Price:
$3.360
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2014-03-12 BUY Lyle Stein

Nickel is $7 a pound while it was $6 at the beginning of the year. Nickel prices have been going down for 3 years so, because of their Madagascar mine, this company has been suffering. Indonesia ruled that their ore cannot be taken out without processing it, so nickel prices have been rebounding. Oil business is very profitable and a good generator of free cash. This is a call on what nickel prices are 5 years from now. You want to buy mining assets when they are well below Book and this one is.


Price:
$3.310
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-03-04 WATCH Bill Harris, CFA

Has done well with bonds over the last 7 years.  They have this window of time when they can decide what to do with the proceeds from the sale of the coal business without paying down the debt.  Nickel is the kind of market that it is supposed to have a floor.  He doesn’t have the stomach right now, but is watching it and might own it soon.


Price:
$3.090
Subject:
RESOURCE
Bias:
SELECTIVE
Owned:
No
2014-02-24 TOP PICK Joey Mack

7.5% Sep 24, 2020.  They did an asset sale, but these bonds are protected from asset sales.  They may have to go and buy back all the bonds above par.  Putting all that money to debt reduction is good for credit.


Price:
$2.960
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-02-21 WAIT David Cockfield

Owned in the distant past.  Moved out when they went to Madagascar because it was too big a jump into a questionable jurisdiction.  They moved into coal but it did not offset the risk factors there.  Follows it but is not anticipating jumping in.  Wait and see if the project pays off.


Price:
$2.930
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2014-02-21 HOLD Colin Stewart

They put so much capital into this project and usually there are massive cost overruns on a project this big and then the company would have to raise capital or cut the dividend.  Don’t buy more but it is worth holding if you have it.  If someone is bullish on Nickel then this would be something to look at.


Price:
$2.930
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
No
2014-02-11 WEAK BUY Paul Gardner, CFA

The story is all about their massive project in Madagascar. The run right now is about 70%, which is really good as they have been delayed on getting up to full capacity. Great asset and great cash flow generator. The trouble is, they have entered loans between all the companies involved. It’s really all about nickel prices, which have not really recovered.


Price:
$3.380
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
No
Showing 16 to 30 of 625 entries

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