Opinions
Irwin Michael, B.Com, MBA
Com Dev International Ltd.
CDV-T
WATCH
Oct 01, 2010
Satellites. New Operating Officer who seems very capable. Just sold a portion of their satellite division to a Spanish satellite military company giving them $50 million in cash. Likes it but have to prove themselves since they lost money by mis-pricing contracts.
$2.200
Stock price when the opinion was issued
Telecommunications
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He used to own this. He was interested in the West Africa play, but he was looking for a higher grade play instead. Right now West Africa is not a safe play geopolitically speaking. This is probably impacting the share price. Infrastructure constraints make it more expensive in their area as well -- power comes strictly from diesel.
Mining