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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
COMMENT
Oil, coal and nickel. Put the big nickel project in Madagascar on “care and maintenance” so it will come on in 2011 or 2012. On the oil side, one of their partners in Cuba sold so there is more cash and less Cuba. That rocked the market a little and it hasn't come back. Long-term assets are fantastic. 5.5% yield.
TOP PICK
7.75% bonds maturing 2015 and providing a 12%-13% return. Coal, oil and gas producers both in Saskatchewan and Cuba. Balance sheet is under levered.
DON'T BUY
Has always had a lot of respect for management. Right now the nickel markets are on hold. An announcement of loss of leases smells of Cuban nationalism. There are some risks that you have to be cognizant of, such as what will be the future of Cuba.
WEAK BUY
Recently took a hit by coming out of its long contractual arrangement of Cuban's off shore oil. Nickel mine is under pressure. Has a very high cost of development of its Madagascar mine.
TOP PICK
7.75% 2015 Bonds. Yielding 13%. Stripped the Cuban and African risks out in his calculations and doesn't believe it comes back on the balance sheet. Fixed price, fixed volume contracts on coal Western Canada fully covers interest and bond repayment.
PAST TOP PICK
(A Top Pick Jan 17/08. Down 78.4%.) Sold a big chunk of this at about $17. The only base metal stock he owns.
HOLD
Expects the new US administration will be friendlier to Cuba. If they could get rid of the legislature stopping US companies from investing there, anything could happen. Need an uptick in commodity prices before stock takes off.
BUY ON WEAKNESS
Basically coal and nickel. 1) Technically shows signs of bottoming pattern. 2) Fundamentally, base metals in general are starting to recover. Coal stocks in the US have been acting very well. 3) Seasonally, strength runs from end of January to May.
COMMENT
Iron/steel demand is down dramatically. Sees economic weakness globally. Metallurgical coal prices will be set in the next few months and he can't see it doing anything but go down.
RISKY
Has the Cuban overhang on it. Good management. There will be change in Cuba when Fidel passes away and the new US administration looks like it wants to reopen trade. Speculative.
DON'T BUY
(Market Call Minute.) Facing struggles. Ranks 295 in the middle of his data pack.
BUY
Cuban partner sold 26% of their Cuban production out from under them. Would be a negative $.20 to their asset value but they have an asset value in double digits. Should have only gone down about $0.05 or $0.10 but it went down a multiple of that, which was a bit of an overreaction. Have great assets that trade at a fraction of their asset value. When nickel, oil and coal go higher, the stock has long ways to run.
BUY
(Market Call Minute.) When metal prices recover this will be one of the leaders. As relations with Cuba thaw, it will be a prime pick.
DON'T BUY
Anything in the base metals sector is going to have a real struggle. His preference in mining would be gold. (See Top Picks.)
TOP PICK
7.75% bonds maturing Oct 15/15. You can earn a 13%-15% rate of return. Under levered. Covered by the coal and nickel assets.
Showing 406 to 420 of 725 entries