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

Last Price Recorded: $1.3300 on 2017-11-17

ON STOCKCHASE SINCE Nov 2000

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

integrated mines

Sherritt International Corp.


Signal Opinion Expert

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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