Stockchase Opinions

Norman LevineAur ResourcesAUR.TODON'T BUYApr 16, 2007

Pure play in copper. . If you believe in copper and its long-term outlook, this is a great play, but he thinks it's late in the cycle.
$25.80

Stock price when the opinion was issued

metal mines
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COMMENT
Shareholders approved the takeover by Teck Cominco (TCK.B-T), so it is now a done deal.
COMMENT
Has been acquired by Teck Cominco (TCK.B-T).
PAST TOP PICK
(A Top Pick Nov 1/06. Up 57.7%.) Being acquired by Teck Cominco (TCK.B-T).
PAST TOP PICK
(A Top Pick July 12/06. Up 68%.)
BUY
50% positive differential Wait until $27.40 to buy. They don't own it, it's too small.
BUY
Relative to its peer group, this is attractively valued and has better earnings predictability.
PAST TOP PICK
Was at $19.40, at over $28 now. Would still buy.
PAST TOP PICK
(A Top Pick Dec 6/06. Up 38%.) Still holds, but has trimmed his position. Now in a stage where they are expanding.
BUY
He likes copper. There is a scarcity of mining companies in the world. Could be a takeout candidate.
BUY
Numbers were a little bit below expectations. Adding acquisitions. Extremely strong balance sheet. Feels it can trade back up in the mid-$20's. Could be a takeout.
COMMENT
Predominantly viewed as a copper leveraged company. When copper prices are declining, the stock tends to not do well. She has no copper exposure.
BUY
It is facing the rapid decline in copper prices. You will probably see some element of earnings being reduced. Seems to be holding here reasonably well. If you’re reasonably optimistic, like he is, some of the metals are looking a little more interesting.
HOLD
Paying a special dividend towards the end of the month. Outlook for copper is a little more guarded at this stage. If there is a re-acceleration of the economy, the stock can spring back to life and trade in the mid-$20's. Would take a little money off the table at that time.
BUY
The model price is $54, which is 148% positive differential.