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

Thompson Creek Metals (TCM.TO)

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28 watching

DON'T BUY

Waiting to see improvement in moly prices. If you are patient, it is a great company. Could be a year or a couple of years.

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HOLD

Thanks molybdenum prices will start working their way higher again. This is the purest play on that. In good shape financially.

DON'T BUY

Molybdenum. He is bearish on base metals because of the recession/depression like scenario. The price of moly has already come down substantially. Steel demand has dropped the most it has in 60 years and moly goes into steel.

COMMENT

Molybdenum. There is a lot of infrastructure build in China that is using steel. However, the commodities are ratcheting down. Hasn't looked at this company closely but suggests you check out their financials before buying.

SELL

Has no confidence at all in any base metal names. We are in a commodity bear right now and he can’t see any end in sight.

COMMENT

Looks like molybdenum prices are going down. Production was looking pretty good and they beat their earnings but nobody cared. Have $1.22 per share in cash. As long as production is good, it looks like a pretty good story. Delayed the Davidson project so will not be spending any more money in this environment.

BUY

Molybdenum producer with assets in both the US and Canada. If you want Moly exposure, this is a name you have to own, as it is a pure play. A disappointing 2008 clearly contributed partly to its production performance revisions. He is quite positive on Moly.

PARTIAL BUY

Another intermediate base metal company that has suffered dramatically as the fear of decoupling has taken hold of the market. He believes that over the next 5 to 10 years we will still be short base metals for global growth. Well positioned. You can still afford to wait but this is not a bad entry point.

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BUY

It is coming to a point in time where you want to take a look at these companies. Thinks there will be a nice seasonal trade at a minimum.

COMMENT

Very difficult to find cheap things in mining right now. If the world slows down a bit he doesn't want to own a commodity if it is coming off. Molybdenum seems to be holding in at the moment but he bought only a specific amount. He has a star/loss close to its present price.

BUY

Just reported disappointing earnings. This is partly due to maintenance shutdowns. Also inventories of molybdenum are a little bit high. Currently, it looks quite reasonable. Most analysts are looking for earnings up to $3.25 over the next 2 years.

PAST TOP PICK

(A Top Pick July 4/07. Down 16%.) Molybdenum prices are still going out but the stock is down. Cash flow hasn't changed and valuation is way better. Still a good Buy.

BUY

(Market Call Minute.) Has some support at its current level. Has been out of favour for a while, which gets him interested. Put in a stop.

BUY

(Market Call Minute.) Likes molybdenum.

BUY

Molybdenum producer. Good production profile. Just had a feasibility study on their Davidson deposit and will likely make a production decision this quarter or early next quarter.

Showing 106 to 120 of 138 entries

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Thompson Creek Metals (TCM.TO)