Mark Jackson, CFA
Falconbridge Ltd
FAL-T
TOP PICK
Nov 15, 2005
Likes the company on its own, but it's also being in the midst of a takover. Really likes the Inco (N-T) Falconbridge combination in terms of cost savings. Creates a fairly large Canadian nickel producer which could be a potential take out target. Also thinks there's potential upside in commodity price.
The chance of them not getting taken over is almost zero. If you own, you might consider taking some profit now and holding on to some and see what might come out of the woodwork.
(A Top Pick Oct 19/05. Up 84%.) Was incredibly cheap and thought he could make a good grinding rate of return. He also hoped that the nickel market might get tight. Was taken out.
(A Top Pick Aug 25/05. Up 124%.) Had chosen it on the expectation the nickel market would tighten up, which it did. Now looking for junior companies with producing assets.