Sherritt International Corp.

S-T

TSE:S

0.20
0.00 (0.00%)
Sherritt International is a Canadian resource company, based in Toronto, Ontario. The company's business interests include nickel and cobalt mining, oil and gas exploration and production, and electricity generation.
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Analysis and Opinions about S-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 13, 2019

Historically owned bonds. If the trend for nickel continues, it will do well.

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Historically owned bonds. If the trend for nickel continues, it will do well.

DON'T BUY
DON'T BUY
December 9, 2019
He's looking at their bonds. They're misunderstood. They've struggled badly this year as Trump pressure countries like Cuba and Venezuela where Sherritt has interests. Also, the company has a lot of debt to pay.
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He's looking at their bonds. They're misunderstood. They've struggled badly this year as Trump pressure countries like Cuba and Venezuela where Sherritt has interests. Also, the company has a lot of debt to pay.
DON'T BUY
DON'T BUY
December 4, 2019
It's trading as if the market thinks its balance sheet will disappear--sell-off. Avoid this.
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It's trading as if the market thinks its balance sheet will disappear--sell-off. Avoid this.
DON'T BUY
DON'T BUY
August 12, 2019
There is evidence of a bottom developing but he thinks we are in a world where growth is slowing. You need a robust economy to invest here, but it may be tradable. The story over 5 years is down.
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There is evidence of a bottom developing but he thinks we are in a world where growth is slowing. You need a robust economy to invest here, but it may be tradable. The story over 5 years is down.
DON'T BUY
DON'T BUY
July 29, 2019
He does not look at stocks trading at this level. This stock could go anywhere. He predicts it goes down.
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He does not look at stocks trading at this level. This stock could go anywhere. He predicts it goes down.
COMMENT
COMMENT
July 12, 2019
The share price keeps falling. Why? The biggest thing recently is in Cuba where they have assets and deal with the government to repatriate cash flow, not related to that quarter's cash flow. A quarter ago, Cuba didn't pay. Two weeks ago, they announced a solution, a deal with the Cuban government which is cash-strapped, especially as it deals with the costs of hurricanes that have hit Cuba. Cuba has to pay or else it will scare off other Western companies.
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The share price keeps falling. Why? The biggest thing recently is in Cuba where they have assets and deal with the government to repatriate cash flow, not related to that quarter's cash flow. A quarter ago, Cuba didn't pay. Two weeks ago, they announced a solution, a deal with the Cuban government which is cash-strapped, especially as it deals with the costs of hurricanes that have hit Cuba. Cuba has to pay or else it will scare off other Western companies.
SELL
SELL
May 8, 2019
This is going to 0. The assets are stranded in Cuba. Trump has opened the door to litigation. They have a terrible mine in Madagascar. Sell it, run away.
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This is going to 0. The assets are stranded in Cuba. Trump has opened the door to litigation. They have a terrible mine in Madagascar. Sell it, run away.
COMMENT
COMMENT
December 28, 2018
Cobalt is a partner commodity in the production of lithium batteries. Earnings are expected to be negative in 2019. Cobalt prices have risen sharply, causing manufacturers to find a way to move away from using it -- nickle may replace it (as an aside Sherritt could be a potential benefactor of this). He would consider selling FCC-V in favour of XBC-V (who focuses on garbage dump gas extraction).
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Cobalt is a partner commodity in the production of lithium batteries. Earnings are expected to be negative in 2019. Cobalt prices have risen sharply, causing manufacturers to find a way to move away from using it -- nickle may replace it (as an aside Sherritt could be a potential benefactor of this). He would consider selling FCC-V in favour of XBC-V (who focuses on garbage dump gas extraction).
HOLD
HOLD
December 28, 2018
Most base metals travel together. Copper is down, zinc is down, so he thinks it is following the basic trend. Earnings are expected to improve next year and cash flow suggests it trades at 6 times cash flow. It is supported by EV automobile growth. He would continue to hold.
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Most base metals travel together. Copper is down, zinc is down, so he thinks it is following the basic trend. Earnings are expected to improve next year and cash flow suggests it trades at 6 times cash flow. It is supported by EV automobile growth. He would continue to hold.
DON'T BUY
DON'T BUY
December 20, 2018
It's fallen on hard times. It bought a big mine in west Africa and has trouble getting it to run at a profit. They took on a lot of debt to buy that mine, and not the credit cycle is turning. Their bonds are trading as if is S is going bankrupt.
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It's fallen on hard times. It bought a big mine in west Africa and has trouble getting it to run at a profit. They took on a lot of debt to buy that mine, and not the credit cycle is turning. Their bonds are trading as if is S is going bankrupt.
COMMENT
COMMENT
October 29, 2018

It still depends highly depend on nickel. They also deal in oil/gas (in Cuba). Cobalt has seen a lift, because it's used in technology. They're certainly not flourishing, though surviving. He wants to see signs of global stabilization especially in China because that will help the nickel, copper and zinc prices and lead to Sherritt rebounding.

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It still depends highly depend on nickel. They also deal in oil/gas (in Cuba). Cobalt has seen a lift, because it's used in technology. They're certainly not flourishing, though surviving. He wants to see signs of global stabilization especially in China because that will help the nickel, copper and zinc prices and lead to Sherritt rebounding.

HOLD
HOLD
October 24, 2018

A few decades ago, Sherritt was well-run and diversified. But to clean up their balance sheet, they went became a smaller-capitalized company in the sector. It's not cheap, and it's also more speculative than other mining companies. Consider a small holding in your overall portfolio or hold onto it if you already own it.

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A few decades ago, Sherritt was well-run and diversified. But to clean up their balance sheet, they went became a smaller-capitalized company in the sector. It's not cheap, and it's also more speculative than other mining companies. Consider a small holding in your overall portfolio or hold onto it if you already own it.

DON'T BUY
DON'T BUY
August 2, 2018

He does not know where it will go in 12 months. He lost confidence in the CEO at an AGM several years ago. Prices of commodities have gone up but this stock has not. He does not have confidence in management, although they took care of a lot of their debt.

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He does not know where it will go in 12 months. He lost confidence in the CEO at an AGM several years ago. Prices of commodities have gone up but this stock has not. He does not have confidence in management, although they took care of a lot of their debt.

DON'T BUY
DON'T BUY
June 6, 2018

A very sideways looking chart. He would not buy it, because the stock price is going nowhere fast. He would pass.

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A very sideways looking chart. He would not buy it, because the stock price is going nowhere fast. He would pass.

DON'T BUY
DON'T BUY
June 4, 2018

The market does not want to pay very much for the outlook in a foreign country, Madagascar. They have some decent holdings in Canada but he does to see much upside in fair market value. Maybe you cross your fingers and hold on and hope. He is not that interested in this stock.

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The market does not want to pay very much for the outlook in a foreign country, Madagascar. They have some decent holdings in Canada but he does to see much upside in fair market value. Maybe you cross your fingers and hold on and hope. He is not that interested in this stock.

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