David Taylor, MBA, CFA
Eurozinc Mining Corp
EZM-T
WEAK BUY
Jun 14, 2006
Gives you exposure to copper and zinc. This company will be a proxy for base metal prices. Doesn't think it has the earning power of others, so is not sure it would be his number one pick.
Proposed merger with Lundin (LUN-T). Not a bad merger in terms of geographic location with both having mines in Europe giving them limited political risks.
Merging with Lundin Mining (LUN-T) which makes sense. If you're short term, and worried about the US economy slowdown, then you should trade in and out of these types of stocks. Longer term, this company is fine.
Recently sold his holdings in order to reduce exposure to the deep cyclicals and resources. Management has done an exceptional job. Likes the merger with Lundin Mining (LUN-T). Not sure that base metals can go much higher.
Merging with Lundin Mining (LUN-T) which makes a lot of sense. Doesn't believe this is the time to be buying metal stocks. We are in a corrective period and there is downside risk.
Merging with Lundin Mining (LUN-T). The deal on Inco (N-T) closes next week and there will be about $16 billion coming back to investors, many of whom will look to replace their investments in the mining space. Speculative and volatile.
World shortage in zinc and cannot be easily made up. Hud Bay (HBM-T), Eurozinc (EZM-T) and Inmet (IMN-T) have tremendous leverage to base metals. The demand for raw materials coming out of emerging-markets is astonishing.
Just merged with Lundin Mining. Probably trading around 5 X earnings right now. Will probably grow by acquisitions. Because of its huge rally, would wait for correction.
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