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Jaime Carrasco North American Palladium PDL-T PAST TOP PICK Mar 15, 2019

(A Top Pick Jun 22/18, Up 57%) The Chinese and Russians have stopped selling us palladium and so now we have a problem. Palladium pricing has gone from $800 last August to $1500 today.

Jaime Carrasco

Owned

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$17.510

Stock price when the opinion was issued

precious metals

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BUY

He owns this personally. It ranks #3 on his list of 700 stocks. Commodity prices are trading near new highs. They had a 22% earnings surprise. Things look good. Payout ratio is only 1% -- lots of room to grow the dividend. Yield 2.6%

PARTIAL SELL

Had a beautiful run-up this past year and he kept selling it during this period. He still holds it. There are few palladium producers. PDL continues to re-organize its company. Be patient. Palladium has already had its move, though prices may rise a little further.

WATCH

We had a good rally in the gold area this year already. Palladium used to be part of that complex. Stocks had a good lift. You should trade commodities and don't fall in love with them. Don't think these are long term investments.

DON'T BUY

Undervalued? In mining this one has been doing well. However, it has a short mine life, only about 8 years, so he sees it as a one asset company. He would stay away.

BUY

The company has come up against technical resistance at 1.5 times book value. The upside potential is 124%, his model says. The book value is $11 and acts as the floor for the share price. It paid a special one-time dividend recently. A very strong balance sheet. You would not get massacred buying it here.

BUY

Palladium has gone up in price. It is used in catalytic converters. The demand has goes up with the movement away from diesel engines. He thinks the stock will continue to do well. He thinks there is still lots of good opportunity.

BUY

Loves it. Platinum is going through the roof. He was selling to take profits earlier. This ride has a long way to go. Pity he doesn't own it anymore.

DON'T BUY

An amazing move over the last little while. Wouldn't chase it right here. Signalling a loss of control over the paper market, and eventually the commodity will reflect much higher inflationary prices. He's keeping his eye on copper.

PAST TOP PICK

(A Top Pick Mar 15/19, Up 17%) Taken over. Encouraging to see the M&A activity.

PAST TOP PICK

(A Top Pick Mar 15/19, Up 17%) It was bought back in October and so he does not hold this any longer.

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Jaime Carrasco North American Palladium PDL-T PAST TOP PICK Mar 15, 2019

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