Sherritt International Corp. | StockChase
698
Sherritt International Corp. (S-T)

Last Price Recorded: $1.2800 on 2017-11-21

ON STOCKCHASE SINCE Nov 2000

60% coal, 30% Cuba in oils and nickel mines.

integrated mines

Sherritt International Corp.


Signal Opinion Expert

2017-11-13

COMMENT
Sherritt International Corp. (S-T)

A big international mining company.  You have to assume electric cars going forward are all they are hyped up to be.  You also have to assume S-T is going to be a major beneficiary.  There has been and continues to be stronger demand for base metals that they dig out of the ground all over the world, which provides diversification and they could also be subject to political risk.

integrated mines
Brendan Caldwell

President, Caldwell Securities

Price: $1.470
Owned: Unknown

2017-10-20

COMMENT
Sherritt International Corp. (S-T)

Used to own many years ago. It’s doing better lately, because of nickel prices. In battery technology, there is some nickel and cobalt. They also have an oil/gas side in Cuba. Prospects are better. To really super prosper and be back to a $3 stock again, you probably need $7 nickel, and we are quite some ways from that. The trend is in the right direction. The bonds got down to $.60 on the dollar, yielding 20%. They are now back to about $.78 and yields are still 12%-13%. It is now positive.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $1.460
Owned: No

2017-10-16

WATCH
Sherritt International Corp. (S-T)

Golden Cross?  It implies a break through a shorter moving average by a longer moving average.  It is in a sideways pattern and you will get a lot of these.  It does not mean it is a good thing because it has done it a few times.  He would want to see it break $1.50. 

integrated mines
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $1.280
Owned: Unknown

2017-09-08

HOLD
Sherritt International Corp. (S-T)

He is not familiar with the seasonality of this, but logic would suggest that since it is involved in the base metal sector, it should normally be doing well near the end of the year. Technically, the stock has completed a nice little base, and has just broken above the base, which is quite encouraging. It fits in with something else. The price of nickel, a major part of this company’s production, has recently broken on the upside, and looks like it wants to move higher with other base metals.

integrated mines
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $1.130
Owned: Unknown

2017-09-05

COMMENT
Sherritt International Corp. (S-T)

This has always been a very difficult one. It is a Cuba thing. It sold off a lot of its Canadian assets. Has a bit of cobalt which is strong nowadays.

integrated mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $1.070
Owned: Unknown

2017-08-30

DON'T BUY
Sherritt International Corp. (S-T)

A nickel producer and the stock has been in a long slump. There have been some signs of life in the last few weeks. It is trading in sympathy with all the base metal commodities, most notably nickel. Emerging markets have been growing their economies faster this year than last. The problem he would have is with the quality of the assets and the financial strength of the company.

integrated mines
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $1.090
Owned: No

2017-08-14

DON'T BUY
Sherritt International Corp. (S-T)

It has been on his watch list for years.  He used to not like the management and they have not done well recently. 

integrated mines
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.790
Owned: Unknown

2017-06-12

WATCH
Sherritt International Corp. (S-T)

It has been trapped lately.  It is pulling back to the old support level of 70-75 cents.  He would expect it to bounce, but would want it to take out the last peak before buying. 

integrated mines
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $0.800
Owned: Unknown

2017-05-25

DON'T BUY
Sherritt International Corp. (S-T)

Hasn’t followed this closely over the past couple of months, but did do a lot of work on it 6 months ago. Had a lot of debt they were trying to get rid of, at which time the multiple would expand. That has happened, but the stock really didn’t react the way people expected. He would stay on the sidelines.

integrated mines
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $0.800
Owned: No

2017-05-25

COMMENT
Sherritt International Corp. (S-T)

A nickel producer in Cuba and Madagascar. They’ve renegotiated their position in Madagascar and have gone from 40% ownership to 12% of equity and debt. Their balance sheet is now in much better shape. It is fully expected this will be completed by the end of June. It will leave them with 2 nickel projects. About $3.50 nickel would be their breakeven, and it is currently trading at $4.15. They really need higher nickel prices. They can survive, because they have cash in the bank and cash from these projects.

integrated mines
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $0.800
Owned: Yes

2017-05-15

COMMENT
Sherritt International Corp. (S-T)

Reached an agreement with Ambatovy on a joint venture partnership structure, with Sherritt reducing its interest from 40% to 12%, and got forgiven $1.3 billion of debt. This gives them a better balance sheet. You need higher nickel prices. If nickel were to go to $7, this stock would be worth a couple of dollars. It has huge leverage on nickel which overwhelms every other single thing about it.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $0.840
Owned: Unknown

2017-02-10

COMMENT
Sherritt International Corp. (S-T)

His issue has to do with 1) what is happening with the commodities they are in and 2) the geography that they operate in. Madagascar and Cuba are their 2 major markets. He would rather not invest in companies that operate in countries that he is not sure of.

integrated mines
Norman Levine

Managing Director, Portfolio Management Corp

Price: $1.340
Owned: No

2017-02-01

COMMENT
Sherritt International Corp. (S-T)

Nickel mining in Cuba. The stock has been up a little over the last while. For basic raw materials stocks, so much is dependent on growth in Asia. Doesn’t think we are going to see the same sort of structural buildout of China for a while. Wouldn’t bet on this company or any other basic raw material producer, on whether or not we are going to see demand in North America.

integrated mines
Brendan Caldwell

President, Caldwell Securities

Price: $1.440
Owned: Unknown

2017-01-03

COMMENT
Sherritt International Corp. (S-T)

He prefers Hudbay Minerals (HBM-T). Sherritt is nickel, which is finally perking up for the 1st time in quite a while. Their Madagascar mine has a cost of about $4.40. Nickel got over $5 recently, and this spent a lot of time below its breakeven point for quite a while. They have extended their bonds out 5 years, and have done a deal where they no longer fund their 40% of Ambitovy mine, they are only funding 12%, so the balance sheet looks okay. If you believe in the whole economy growing because the US is fiscal stimulating and these prices go higher, he still finds Hudbay safer with a better balance sheet with better zinc prices and a better copper price, and it could go to $10.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $1.340
Owned: No

2016-12-05

BUY
Sherritt International Corp. (S-T)

Just recently it moved above a key resistance level and started to show an upward trend.  Nickel prices are starting to move higher.  You are into a good position technically and seasonally these stocks do well now.

integrated mines
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $1.390
Owned: Unknown

2016-12-01

COMMENT
Sherritt International Corp. (S-T)

This has gone into the tank, and the balance sheet has fallen away as they have taken off write-offs. It is now rallying with the metals. They are scheduled to lose another $.89 a share this year, which could erode the BV even further.

integrated mines
Ross Healy

Chairman, Strategic Analysis Corp

Price: $1.240
Owned: Unknown

2016-11-30

COMMENT
Sherritt International Corp. (S-T)

Management has done a great job in doing the things that are necessary. However, a tough problem to overcome is that they have a market cap of over $3 million, which needs to get to $1 billion before institutions get on board. They’ve fixed their debt, but they have to fix the mine in Madagascar. The only pure play in the nickel market, but unfortunately, too small of a market cap for many companies.

integrated mines
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $1.220
Owned: No

2016-09-15

SPECULATIVE BUY
Sherritt International Corp. (S-T)

You have issues with it being leveraged, issues with nickel and political issues in Madagascar.  It could be interesting as a lottery ticket.  They re-structured some of the debt, but that does not mean the equity is going to be worth anything at the end of it.

integrated mines
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $0.810
Owned: Unknown

2016-09-06

SELL
Sherritt International Corp. (S-T)

(Market Call Minute.) Good, long term nickel opportunity, but an over levered balance sheet. A lot of risk.

integrated mines
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.830
Owned: Unknown

2016-08-03

DON'T BUY
Sherritt International Corp. (S-T)

(Market Call Minute.) They extended the life of their debentures by 3 years, but this is a company that needed 3 years to survive, so you don’t need to be there.

integrated mines
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $0.790
Owned: No

2016-06-10

DON'T BUY
Sherritt International Corp. (S-T)

This has been a relative, long term underperformer. When you are an underperformer, you can stay that way for a very long time.

integrated mines
Bill Carrigan

Technical Analyst, Getting Technical Info Service

Price: $0.800
Owned: Unknown

2016-05-10

DON'T BUY
Sherritt International Corp. (S-T)

Had owned the 8% bonds for very specific reasons. Cuba is essentially a ringed fence and so is the Manitoba smelter. There was $600 million in debt, and he thought the coal assets in Western Canada were worth $1-$1.5 billion. Bond agencies wouldn’t rate this because they didn’t know how to rate the Cuban risk. He didn’t care about that risk because it was offset by the Western Canadian coal. On the hint the company was going to sell the coal, he got rid of the bonds as fast as he could. You are now exposed to the Cuban issue, which is a wildcard. Madagascar, depending on the nickel price, might never make money.

integrated mines
Bill Harris, CFA

Portfolio Manager, Avenue Investment Management

Price: $0.840
Owned: No

2016-04-25

COMMENT
Sherritt International Corp. (S-T)

For 3 to 5 years? A very interesting company. Not overly diversified and sitting on a fairly good chunk of cash. Has some assets, nickel mining and oil/gas and power, in Cuba which have been phenomenal. Has fallen down on its nickel mine in Madagascar. The CapX, which is mostly behind them right now, has kind of blown their brains out. They have 3 bonds outstanding, 2018, 2020 and 2022, and are trading at roughly $.50 on the dollar, very, very distressed with a high yield. They are in a position where they could, and should, buy back debt in the open market. If the nickel market turned around, this has a lot of leverage to nickel.

integrated mines
Paul Tepsich

Portfolio Manager, High Rock Capital Management Inc.

Price: $0.910
Owned: Unknown

2016-04-20

DON'T BUY
Sherritt International Corp. (S-T)

(Market Call Minute.) He would avoid this. Their debt load always scares him. Not keen on management.

integrated mines
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.910
Owned: No

2016-03-30

DON'T BUY
Sherritt International Corp. (S-T)

We are getting a rebound in a lot of commodities, which could be the beginning of the inflationary wave that he has been waiting for. However, this would not be the way he would play it. He would use Teck Resources (TCK.B-T) as it is a much bigger leveraged type company. His company has this as a sector outperform with a $1.07 target.

integrated mines
Jaime Carrasco

Director & Associate Portfolio Manager, Scotiabank, Global Wealth & Insurance

Price: $0.800
Owned: No

2016-03-29

COMMENT
Sherritt International Corp. (S-T)

(Market Call Minute.) Took on too much debt. He is Short this.

integrated mines
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $0.820
Owned: Yes

2016-03-01

COMMENT
Sherritt International Corp. (S-T)

Not comfortable with management. Debt load is too high. Has a big project in Madagascar that has not worked out. It is always one of the dangers when you put a lot of money into something that is far away. As commodity prices come back, it should help them. The company has tremendous upside, but feels bankruptcy is not out of the question.

integrated mines
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.750
Owned: Unknown

2016-02-25

DON'T BUY
Sherritt International Corp. (S-T)

It has had its ups and downs, and mostly downs.  The commodity price has been a huge detractor.  There are regulatory issues in Madagascar now.  The Cuba businesses are safer, but you have the uncertainty of a new US government coming in. 

integrated mines
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $0.710
Owned: Unknown

2016-01-15

DON'T BUY
Sherritt International Corp. (S-T)

This is a commodity stock with debt on the balance sheet which impacts the valuation. All commodities are in decline and at record lows.

integrated mines
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $0.590
Owned: No

2015-12-30

COMMENT
Sherritt International Corp. (S-T)

Holds this and it has been painful. The only pure play on nickel that you can buy globally today. A market cap of about $250 million Cdn. They have been chopping and chopping costs, and is roughly at $4 a pound, just about where the nickel price is. A great Hold if you’ve got some patience. The stock is well worth more than $2. We need a nickel price recovery. When inventories hit below 400,000 tons, they creep back up, and that is what he is watching.

integrated mines
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $0.730
Owned: Yes

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