Breakwater Resources (BWR.TO) Buy, Sell or Hold

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Breakwater Resources (BWR.TO)

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COMMENT

Zinc is a problem commodity right now as they are forecasting an oversupply for the next couple of years.

DON'T BUY

There is seasonality to base metals. This one has come under question. Commodity has not been performing well.

SELL

Pretty poor performance and not much is going to change that.

DON'T BUY

(Market Call Minute.) Zinc. Would stay away from any base metal stocks right now.

DON'T BUY

Likes the long-term prospects. Have some great assets with high leverage to zinc prices. In the next 6 months he is not expecting a lot from zinc prices as there has been some supply side response and he would prefer copper.

DON'T BUY

It does not have the kind of a base he would like to see. Had a double top last year, which usually indicates some kind of negative news that hit the company. The moving average is around $2.25 so a little bit of a rally could happen.

PARTIAL SELL

A zinc company. Zinc has dropped in price. The Canadian dollar is up significantly which hurts the company. Would be tempted to sell.

DON'T BUY

A zinc producer. Everybody hates zinc right now. Have had production issues. Their last quarter was quite disappointing. Might be bought. The stock depends on whether zinc recovers.

HOLD

More speculative beating exposed to zinc. His outlook for commodities is improving a little bit. Prices have been lifting over the last few months. It is more offshore demand than North American. There is always an opportunity for a takeout of this company.

COMMENT

With economic worry, metal stocks got hit over the last 2 or 3 months. Not to say that somebody couldn’t come now for a takeover.

HOLD

Zinc is probably the weakest in the base metals of nickel, copper and zinc. Expect the price to be weak for a couple of years. Honduras facilities ran into problems in 2007 and created some negative sentiment. Great cash position, which raises the question, what do they do with all the cash. Looking for the market to give an indication that they care about zinc again. Prefers Hudbay Minerals (HBM-T), which has better liquidity and better diversification of assets.

BUY

A spread of zinc mines which have been largely renovated. Thinks they are probably still quite debt heavy. Well run. At this price, it just has to be a Buy.

COMMENT

Still likes as a takeover target. Zinc prices had a big drop but now the worldwide inventories are starting to shrink again and there may be a recovery in the price of zinc. Believes China will continue to grow no matter what happens in the US.

DON'T BUY

One of the more junior companies in the base metal space and focused primarily on zinc. Would stand aside and wait for the environment to pick up. Watch the commodity prices.

DON'T BUY

Meltdown in base metals and tax loss selling has hit the stock hard. Zinc has probably been the hardest hit of the base metals. There is probably some room for a bounce here. He is not a huge fan of the metals right now because of a possible slowdown.

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Breakwater Resources (BWR.TO)