Opinions

Ted Macklin IPSCO Inc IPS-T DON'T BUY Feb 26, 2004

Generally, is not fond of the steel industry. Has had a tough time passing on price increases because of a higher cost of scrap steel. Highly sensitive to the state of the economy.

Ted Macklin

Owned

Unlock Rating

$24.570

Stock price when the opinion was issued

steel

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

Has had a pretty good run since October. What’s moving the steel sector is the prospect that private equity might get involved with some of the cheap companies, or that they might buy each other.

COMMENT

It’s in the steel business which has its ups and downs and also their major end market is the oil services, where drilling has been cut back. A great company and has had a huge run.

HOLD

The steel group has continued to perform very well. Pricing has been firm and the demand is very strong.

DON'T BUY

Pipe side is okay, but he worries about steel prices. Fairly fully valued.

HOLD

Has gone up because of a rampant consolidation in the materials sector, specifically steel and metals. Big dividend yield. Have some really good businesses.

COMMENT

Takeover for $180. Will probably take some time to get the deal completed

COMMENT

Takeover target by Sweden's SSAB who want to sell their tube unit. An interesting strategy. A well-run company. On valuation, you are at the top of the cycle for takeout prices. If you own, wait for the final bit.

COMMENT

Is in the process of being taken over. Doesn't expect any competing offers.It will stay at it's current level, subject to the difference in the Canadian US dollar.

COMMENT

Close to being taken over.

PAST TOP PICK

(A Top Pick Aug 24/06. Up 63%%.) Chose it because it was a takeout candidate, which happened.

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.

Ted Macklin IPSCO Inc IPS-T DON'T BUY Feb 26, 2004

You might be interested:

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

IPSCO Inc(IPS-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Andrey Omelchak

The Panic-Proof Portfolio (Stockchase Research)

The Monthly Gems by Allan Tong

Andrew Moffs

Stockchase Insights