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TSE:S

Sherritt International Corp. (S.TO)

0.12
+0.01 (9.09%)
as of May 19, 2026, 8:00:00 pm Market Open.
93 watching
0
TOP PICK

8% bond due November 15/18. This trades as a high yielder but the credit metrics has it is as an A low rated bond. Low leverage. Just finished their Madagascar project. Great management.

DON'T BUY

Over diversified and some think it should be broken out into multiple companies. He stayed out because he is not constructive on nickel. Doesn’t like the diversification discount. Market doesn’t like it for some reason. Stay away because of the Nickel.

COMMENT

Thinks it will find quite a bit of support here. Doesn't feel it will go any lower. There should be a recovery.

DON'T BUY

Delivered reasonably good numbers given the environment. She is not happy about he new mine in Madagascar and they could face all kinds of political pressure. There is not that much economic wealth in Madagascar. Political pressure has been all negative and will continue to be so. It will all cost them money and there will be negative headlines.

COMMENT

Fairly cautious on this one.

BUY

Very diverse (in Geography) resource company. Stock is so beaten up lately. They keep talking about creating shareholder value and it remains to be seen what that is but he remains a buyer.

DON'T BUY

Would not touch it. It is trading so far below his last support lines that he can’t give any guidance. Model price of $8.57, 93% upside but it is trading at such a discount to its balance sheet that he can’t recommend it. A catalyst could be that they finally get rid of the mine in Cuba.

DON'T BUY
Launched into a huge project in Madagascar with excellent partners. Feels it is too dominant in the actual future of the company. Political situation is, at best, uncertain. Until he can see the project is actually producing there is too much risk. 3.4% dividend.
DON'T BUY
Nothing is screaming “buy me“ in fundamentals. He would avoid a stock like this based on fundamentals. Technically, the downtrend seems to be bottoming out here. Could be a very miniature head and shoulders reversal. On the upside, best hopes would be $5.30 and downside could be another $.20 decline.
TOP PICK
8% due Nov 15/18. This could almost be an investment grade company. Well run company giving you over 6% for 6 years.
TOP PICK
2018 8% bond. Is the most he will do in a bond. Execution risk is low. Debt to Cap is 32%, which is low. He also owns the stock.
TOP PICK
NAV of around $8. Yield of 3.1% while you are waiting. Their big story is their new nickel mine that should be going into commercial production.
BUY
His major position is in the bonds as it is a very solvent company. Stock yield is about 3% and the company makes about $.50 in earnings. Has a big growth nickel mine project in Madagascar. If you believe that nickel can go back to a relatively healthy environment with a nickel price of $10, this can become a $10 stock and you are getting a dividend while you wait. Have long-term fixed price, fixed volume thermal coal contracts in Western Canada but these prices have weakened. Have a lot of headwinds but they are making money and paying dividends.
DON'T BUY
This company was really riding on the Madagascar project and it seems to be working really well. The major risks for the business are over. This is a cyclical and it is too early to be getting involved with some of these mining stocks. Would prefer others.
DON'T BUY
Getting very close to starting production at their Madagascar mine. She is not a fan of nickel as the fundamentals are weaker than those of copper. She has never seen a nickel mine coming into production without serious issues.
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