Daily Stock Opinions and Ratings

Opinions

Ron Meisels FNX Mining Company FNX-T(Dead) BUY Sep 18, 2009

Made in a space in the early part of the year and is now above the 200-day moving average, which is starting to rise. The initial upside target would be roughly in the $15 range.

Ron Meisels

Unknown

Unlock Rating

$9.160

Stock price when the opinion was issued

precious metals

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

COMMENT

Had a pretty good run. In Canada and a pretty good property. A little cautious on the metals and it depends on what is going to happen to the global economy but it is starting to look good.

BUY

This is a good time to be into the materials from the seasonal standpoint. Broken out of its downturn and has moved up and could possibly reach the $18 mark. That would be a good time to sell.

BUY ON WEAKNESS

Would prefer senior companies. If you were interested in this, he would wait for it to pull back a bit.

DON'T BUY

Strike at Vale-Inco is having an impact on the company because they are having issues with production levels. He is not putting emphasis on nickel producing stocks right now.

BUY

Stock has moved a long ways, but his FMV of the mines indicates the mining sector is the most attractive for and upside potential. Well diversified.

SELL

(Market Call Minute.) This is really a copper play and copper has some downward pressures.

BUY

Quadra Mining (QUA-T) is attempting a takeover. His model price is $18.59, a 36% upside.

DON'T BUY

Great company, but not the cheapest. Merging with Quadra (QUA-T). Good management in both companies. Tends to be very few synergies when mining companies merge. Just seem to want to get bigger and be able to make bigger deals.(See Top Picks.)

WAIT

Merging with Quadra (New name = Quadra FNX), both great businesses and will become a great mid-tier copper name. Good long-term holding. He is considering lightening up his holdings. (Along with other cyclicals.) Wait for the deal to close and see what the analysts say.

WATCH

Merging with Quadra. (New name = Quadra FNX.) Quadra has a lot of copper production and a lot of cash flow and this merger will give them new copper and nickel projects. Right now they are going through a correction because of the China related scare. Before buying, watch the copper prices.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Ron Meisels FNX Mining Company FNX-T(Dead) BUY Sep 18, 2009

You might be interested:

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

FNX Mining Company(FNX-T(Dead))

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights