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

Thompson Creek Metals (TCM.TO)

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COMMENT

Recent bad quarter was due to a mine they bought, which had to be reconfigured. Recovering now. Molybdenum prices have not been going through the roof like iron ore prices, which indicates there is a pretty good supply out there. He would favour iron ore right now.

BUY

A significant player in the molybdenum space. Starting to recover now. Can see at recovering to $27 giving you a short-term trading opportunity.

TOP PICK

Molybdenum. Used in stainless steel, which is increasingly in demand by Asia and there is not that much moly in the world. Has a new mine in British Columbia which will allow them to increase production rather radically. P. E. looks high when compared to the other companies in the base metal space but is growing much faster.

BUY

Largest pure play molybdenum in North America. Have assets in Colorado, New York and B.C. Fully integrated with their own roaster in Pennsylvania. Likes the fundamentals of molybdenum, as there is no substitute for it. Sees supply/demand strength over the next few years. Likes this company, as there will be improvements operationally. Sees growth as they bring in the B.C. Davidson deposit.

BUY

One of the better companies that allow you to play the molybdenum market. Has taken a terrible hit in the last 2 months. All base metals are down on concerns of the US economy, but other economies will pick up the slack. Thinks the metals are a long story.

PAST TOP PICK

(A Top Pick Dec 28/06. Up 73%.) Been a little disappointing in the short term because of some problems at their mine but unlike other metals, molybdenum continues to ratchet up. Supply/demand is looking very good.

HOLD

A longer term play. Has been an enormous success. At around these levels it should hold in there. Could expect further volatility as a result of U.S slowdown.

BUY

Molybdenum play. Likes this one. Q3 earnings were not so great. Long term, she is quite bullish on Moly prices, which tends to trade with stainless steel.

TRADE

Has higher lows, and higher highs. (the low dips are getting higher, and the highs are reaching higher as well). This indicates it's good, but it's near the top of it's current high which is showing signs of getting weaker.

BUY

Molybdenum. You're starting to see more usage of the metal. The supply/demand picture is not getting any better. Could be an acquisition target.

BUY

Molybdenum is a little bit of a volatile commodity, but he likes it. It is participating on the far eas consumption.

DON'T BUY

Not one that has shown up on his radar screen. With current production and production going forward he can't see any compelling reason to own it.

BUY

Bought some today. Generating massive cash flow

BUY

Is a company that will be debt free in 18 months if moly prices stay in place.

TOP PICK

Molybdenum. Likes it because of the cash flow and earnings power combined with a comparable to the Chinese equivalent. Will probably be debt-free early next year.

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Thompson Creek Metals (TCM.TO)