Bruce Campbell (1)Glamis GoldGLG-T.VPAST TOP PICKMar 24, 2005
(A Top Pick Jan 4/05. Down 4%.) The time he picked this, the premise was that they were either going to win or lose on Goldcorp, but if they lost, which is what happened, because it was an all stock deal,there would be pressure removed and the stock would lift. This happened and has now just come back with the group. Still likes it longer term.
Take over by Goldcorp (G-T). The upside is, this probably has the potential of becoming the premier gold trading vehicle on the planet. Should have great internal cash flow. Sells at an extremely high stock valuation.
Has a very good growth profile. Would like to see it break above more recent highs but, at this point, this is going to participate in golds continue on to higher levels.
(A Top Pick July 4/05. Up 100.3%.) This will depend on gold prices, which he expects will be higher. A possible head and shoulder pattern is forming on the charts, which is positive.
One of the best managed mid-cap gold companies with a tremendously good growth production profile. Have some really good upside since they took over Western Silver late last year with its Penasquito mine.
If you feel the market is at a bottom, this is a stock you would want to look at. A midsize producer with growth. Trading above its 200 day moving average.