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IPSCO Inc (IPS.TO)

DON'T BUY
Cahrt shows a "parabolic up" which indicates that everybody know about the strock. Party is over.
WAIT
Feels that steel stocks can perform quite well from here, but in the short term we are in a corrective phase. Steel is in very tight demand, but feels there is short term risks, both sector and market related.
HOLD
Have had the best part of the run that they are going to have. Can still see the potential for 15% rate of return. Another thing it has going for it is that they make a lot of the tubular pipes for oil wells.
DON'T BUY
Valuations on steel stocks have gotten excessive. Just sold their holdings.
DON'T BUY
Steels have probably peaked, will remain at historic highs, but at a slightly lower level. Ipsco at that level will probably earn $5 this year and $3/3.50 in '06, which makes it a $50 stock. An entry point would have to be $40 for a reasonable gain.
WEAK BUY
Estimate on earnings next year is $7 a share. Base earnings is $5. Not badly overpriced. Not sure of a good entry point yet.
BUY
China's slowing demand for steel is having a negative affect on steel producers. There will not be as much reduction in demand as many people think. There will continue to be high demand for this company's products, such as steel pipe, as it is in the oil services sector. Although it has had a big run, it is still attractive.
WEAK BUY
From a balance sheet perspective, he thinks it has gone as high as it can. In a year out, if oil and steel prices remain high, he would put the stock at around $62.
BUY
Stock has done incredibly well. Further growth as outlook on steel is still positive. Probably down to the last 10/15% in the next 12 months.
BUY
From early 80's to 2000 there were cyclical rallies and declines. During the rallies, they would build new capacity and then demand would dry up and they would lose their shirts. Now in a longer term up cycle and the strong pricing could last longer than expected. Watch out for increased volatility in the share price. Use a stop/loss.
DON'T BUY
Doesn't feel the run it's had is sustainable. We may be nearing the end of the steel cycle or at least a flattening of it.
DON'T BUY
Thinks its getting well priced in terms of cyclicality. Still has strong demand for its products. Would look for something that hasn't had such a strong run.
HOLD
World steel producers can't produce enough steel, so steel stocks in general have done very well. Seasonality for steels is from the end of September to the end of January. Ipsco, which produces pipe looks very good and expect very strong 4th quarter results which will be the opportunity to take profits.
WEAK BUY
All the steel manufacturers have had steep rises mainly because of the heavy demand out of China. The costs of iron ore and coke has also gone up, but they have been able to pass these on. Could be more upside, but treat with caution.
HOLD
Will need to have large pipeline infrastructure projects. Probably has gotten as much as you are going to get from a rise in steel prices. Now need large orders for large diameter pipe.
Showing 76 to 90 of 162 entries