Thompson Creek Metals (TCM.TO) Buy, Sell or…

Thompson Creek Metals (TCM.TO)

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HOLD

Just made an acquisition of a mine that is ready with copper and gold. Nice balance sheet. It will take 2 or 3 years for the mine to come into production. Moly prices have bottomed out here. Trading at a deep discount to other producers. Not selling it.

PAST TOP PICK

(A Top Pick Nov 10/09. down 26.15%.) Dropped because of a big worry of a slowdown in China. A lot of value in this company with $5 a share in cash.

SELL

The fact that it is moving down now is very negative. He would avoid it. Wait until it gets to the $10 level. It’s more of a short right now.

HOLD

Mines moly, which goes into steel. This commodity lagged the commodity rally. Sold off because of China fears. Thinks this stock can go a lot higher. When it moves it can move very quickly.

BUY

Moving up on Chinese demand. Great buy from here. Not a bad hold. There are other tings in the metals sector that will have more immediate returns.

PAST TOP PICK

(Top Pick Nov 10/09, Down 22%) Was sure the price of Moly would go up, but stock went down based on fears of slowdown in China and Europe. He is hanging on.

BUY

One of the world's largest producers of molybdenum. For stainless steel and an alloy for specialty steels. Really a question of the world economy. Earnings were a little weak last quarter. He would buy up to $18.

DON'T BUY

(Market Call Minute) Stock is ahead of the commodity.

HOLD

Molybdenum and copper and hasn't been much movement in either commodity in the last several months. Should make an acquisition to get their growth profile more attractive. Good management. Great hold for the long term.

PAST TOP PICK

(A Top Pick Nov 10/09. Up 10.3%.) Coking coal is on fire and is going to drive up prices along with molybdenum.

COMMENT

Single product company of molybdenum. Since this is a by-product of copper, the main problem that could arise would be if copper production keeps increasing, molybdenum prices could decrease but he doesn't think this will happen.

BUY

Molybdenum has not been as robust as some of the other metals. On a valuation basis, relative to other companies, shows up not too badly. Recently announced some expansion to their CapX going forward.

BUY

Just bought in the last week (trying to get a mix of metals). Results are great, good management. An intermediate, company is at right place at right time.

BUY

Molybdenum is a metal increasingly used as an alloy in quality steel so the price depends almost entirely on steel demand. If world demand for steel goes up, it will be good for this company.

DON'T BUY

Likes the materials space and this one looks interesting at the 200-day moving average but in terms of growth and earnings it's not as exciting as some of the other names.

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