Opinions

Scott Morrison Breakwater Resources BWR-T BUY Jan 14, 2005

Zinc has been lagging the rest of the commodities. Reports indicate that China will be a net importer of zinc as opposed to a net exporter by the end of this year. This company should be a good way to play this commodity.

Scott Morrison

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$0.560

Stock price when the opinion was issued

metal mines

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BUY

(Market Call Minute.) Good stock to own.

COMMENT

3 Year chart doesn’t show anything untoward. RSI is a little bit high but STOCH (Stochastics) is pretty slack. See any reason why it would break down from here.

COMMENT

Good leverage to zinc prices, which have been doing quite well. Wouldn't be surprised to see a pullback in global commodity prices. That might hurt them in the short term but if commodity prices are sustainable there is a lot of upside.

BUY

Play on zinc. Has put in a base since ’09 and there was break out recently. A good stock and performed extremely well and expects it to continue. Nov 19 into January, metals and mines do well. Looking for it to pull up from here.

SHORT

Largely lead and zinc and both commodities have been screaming higher on Chinese demand. He would be taking profits. He is Short.

BUY

Trading a little over 6X current earnings. Chart shows a breakout in the last little while. Close to the 50 day moving average of around $5, which is were it has support. Use a stop-loss near $5.

BUY

Has one of the highest percentages of zinc production. Fundamentals for zinc, as with most commodities, are positive.

WAIT

Solid performer, but earnings are expected to go down from 1.28 to 1.01. Appears to be cheap. 5.5 times PE and 18% ROE. Good opportunities for zinc. Overall, steel will be quite good for the next 12 months. Hopefully BWR will bottom out in the next 2 months.

WAIT

Primarily a zinc producer. Zinc is used in galvanizing steel to prevent it rusting. Also duct work. Very liked to auto and construction industry. Dependent on China. There is a lot of zinc mines in the world but many people think it will be in a deficit position in 2013

COMMENT

Being acquired and thinks the deal will go through. If you own, tender into the takeover bid.

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Scott Morrison Breakwater Resources BWR-T BUY Jan 14, 2005

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