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Inco (N.TO)

BUY
Looking at it to get some nickel exposure. Reasonably cheap. Trading at a little over 5 X this year's cash flow. The issue is, what are commodities going to do next year. Any slowdown will impact them negatively. With all metals, take a 3 year view given the long term cycle.
BUY
Has never got the credit it deserved because they always run into problems. Voisey's Bay they bought too early and had to take a significant write down. Goreau ran into cost over runs. Feels that the worst is behind them. They are truly set up for a great run. Trading at its net asset value and nickle is the tighest commodity right now.
STRONG BUY
Enthusiastic about Inco. Nickel inventories are close to crisis levels. It takes a long time to bring nickel mines into production. The first ones coming are Inco's at Voiseys Bay and the South Pacific.
TOP PICK
Nickel is probably the best of all the metal commodities. The market is very tight. Good margins forcast. Voisey's Bay is going to come on stream this year. Will be low cost and a major increase in nickel production. Also just finishing the Gerau project. Not just a cyclical play, but a growth play. Good price.
BUY
Prefers Falconbridge (FL-T) for their nickel exposure. Inco has delivered fairly good results here although it hasn't delivered results that he was expecting given the strength of the nickel markets. The main driver will be where the nickel price is and he believes there won't be a selloff in the price of nickel.
BUY
Nickel is a commodity that is very much in favour these days. If you put together nickel, iron ore and some other reactions together, that forms stainless steel which is very big in infrastructure which is very big in China along with re-builds in some of the other markets.
BUY
Q: Sell Petro Canada (PCA-T) and Inco (N-T) in order to get cheaper stocks? A: They both have short term events, but actually have great growth projects. Both companies are going to look terrific 2/3 years from now. Commodities are going to be in their favour and long term growth is in their favour.
BUY
Metals are the stocks for the rest of the year.
DON'T BUY
Commodities have had a great run. Have 2 of the best nickel prospects with Goro and Voiseys Bay in the next few years. These will involve a high capital expenditure. Wouldn't jump in here after the big-run up they've had. There's a lot more growth in some smaller names.
DON'T BUY
No compelling reason to own stock.
BUY
Feels that metals are in a 10/15 year bull market. This and Teck Cominco (TEK.SV.B-T) are the most expensive of the Canadian mining companies on this year's projected cash flow, but if metals remain strong, you'll be rewarded in 2/3 years.
BUY
Has a positive outlook on nickel. Expects to see very strong commodity prices. Looking for Voisey's Bay to come on line.
TRADE
Hard to choose between this and Falconbridge (FL-T). It could be argued that if anything happened to Noranda, there could be a possibility of Falconbridge being sold, so would probably pick Falconbridge.
BUY
Steep decline is probably due to being oversold. Price of nickel has come off a bit. Longer term it's in an excellent position. It has the only 2 projects that are coming on. Not a lot of supply available. Could be a takeover target.
BUY
Good level and he is buying it aggressively. Long term believers. Short term focus is driving the stock down. Spending a lot of money developing its project in Labrador and in the South Pacific. Will eventually be the largest nickel producer in the world. Demand from the Asian economies is a long term story.
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