Inmet Mining (IMN.TO)

PAST TOP PICK
(A Top Pick Aug 24/06. Up 87.1%.) Sitting on a pile of cash. Has a new mine coming into production. Trading around 5 X earnings. Still a takeover candidate at about $120..
TOP PICK
50% upside. In his portfolio and he got hit this month with the recent drawback. His model price is $120.
DON'T BUY
Sees this as a candidate for profit taking because it has done so well. The outlook for some of the commodity prices is slowing down quite dramatically.
COMMENT
Has quite a bit of organic growth in their Copper operations. Operating in Panama at the moment. Highly diversified mining company.
COMMENT
Has quite a bit of organic growth in their Copper operations. Operating in Panama at the moment. Highly diversified mining company.
BUY
Copper in Europe and Africa. Likes its discount to net asset value and what it trades and as a multiple to earnings and cash. Good leverage in terms of cost structure. Undervalued.
COMMENT
Copper and zinc are the metals that are probably the most extended, so on a short to medium-term basis, the stock could be vulnerable. The resource boom is a secular trend, so would keep some money in the area.
HOLD
Still holding his base metal companies. If you own, take profits. Demand from Asia is still strong.
HOLD
Seems to be behaving fairly well. Has corrected back. Copper has seen the worst of the damage we are going to get. Good operator. Globally diversified.
COMMENT
A great success story. Very strong copper producer, but also has interests in gold and zinc. They have good assets. Valuation may be a little bit high at the moment.
BUY
He has the model price of $107.54.
COMMENT
Doesn't meet his environmental social governance criteria. The pullback in the metals is a buying opportunity. You may have to treat it as a trading vehicle. Feels analysts are underestimating the earning ability of these companies.
PAST TOP PICK
(A Top Pick June 26/06. Up 59.8%.) Have quite a bit of growth profile ahead of them, 36%-37% over the next 1.5-2 years.
BUY
Volatility because of sector rotation by investors. Investors are not sure if they want to be long or short on copper. This is a great company.
BUY
Has been a great company to be in. Into a number of metals. A well diversified play.
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