Sherritt International Corp. | StockChase
699
Sherritt International Corp. (S-T)

Last Price Recorded: $1.5000 on 2017-12-15

ON STOCKCHASE SINCE Nov 2000

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

integrated mines
699
Sherritt International Corp. (S-T)

Last Price Recorded: $1.5000 on 2017-12-15

ON STOCKCHASE SINCE Nov 2000

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

integrated mines

Sherritt International Corp.


Signal Opinion Expert
COMMENT

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

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 M...

PricePrice
$0.730
Owned Owned
Yes

SELL

Sell and put into Bank of Nova Scotia (BNS-T)? Two very different stocks. This one ranks 613 in his dividend model. Earnings are expected to improve, but still be negative going from a loss of $1.14 to a loss of $0.82. In comparison, BNS ranks much higher and it looks like the banks as a group are going to improve. He would agree with your thinking.

integrated mines

Sell and put into Bank of Nova Scotia (BNS-T)? Two very different stocks. This one ranks 613 in his dividend model. Earnings are expected to improve, but still be negative going from a loss of $1.14 to a loss of $0.82. In comparison, BNS ranks much higher and it looks like the banks as a group are going to improve. He would agree with your thinking.

integrated mines
Robert McWhirter

President, Selective Asset Mana...

PricePrice
$0.770
Owned Owned
Unknown

DON'T BUY

How many Canadian mining companies have stumbled at attempts at mining in Africa?  They are going to write a lot off of their balance sheet.  They have a big hunk of debt and lot of Nickel at a very low price.  The question is if they can finance their debt.  It smells like a value trap to him.

integrated mines

How many Canadian mining companies have stumbled at attempts at mining in Africa?  They are going to write a lot off of their balance sheet.  They have a big hunk of debt and lot of Nickel at a very low price.  The question is if they can finance their debt.  It smells like a value trap to him.

integrated mines
David Baskin

President, Baskin Wealth Manage...

PricePrice
$0.790
Owned Owned
Unknown

DON'T BUY

You have to know what the commodity is going to do before investing.  S-T has built one of the biggest nickel mines in the world.  But it is a relatively small company and he would go to a larger one if he wanted metals exposure.  He is worried about this one.

integrated mines

You have to know what the commodity is going to do before investing.  S-T has built one of the biggest nickel mines in the world.  But it is a relatively small company and he would go to a larger one if he wanted metals exposure.  He is worried about this one.

integrated mines
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$0.890
Owned Owned
Unknown

COMMENT

Primarily nickel and cobalt. Have projects in Madagascar. Just eliminated the dividend. Thinks they are buckling down the hatches and making sure they can ride out this low based metal environment. The depressed nickel prices are going to be weighing on them for some time.

integrated mines

Primarily nickel and cobalt. Have projects in Madagascar. Just eliminated the dividend. Thinks they are buckling down the hatches and making sure they can ride out this low based metal environment. The depressed nickel prices are going to be weighing on them for some time.

integrated mines
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$0.940
Owned Owned
No

DON'T BUY

Just eliminated their dividend. Debt level is very, very high. If you have a lot of guts and intestinal fortitude, he could see buying it. Anything you put in it, you have to think that you could lose at all. He wouldn’t buy it now.

integrated mines

Just eliminated their dividend. Debt level is very, very high. If you have a lot of guts and intestinal fortitude, he could see buying it. Anything you put in it, you have to think that you could lose at all. He wouldn’t buy it now.

integrated mines
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.940
Owned Owned
No

HOLD

It has been a tough road.  They have a new nickel mine in Madagascar.  He would be concerned about mine construction, but they are basically done now.  Nickel prices are below $5 now so it is tough for the miners.  Longer term he likes the base metal side of things.  He thinks they have a good mine in Madagascar. 

integrated mines

It has been a tough road.  They have a new nickel mine in Madagascar.  He would be concerned about mine construction, but they are basically done now.  Nickel prices are below $5 now so it is tough for the miners.  Longer term he likes the base metal side of things.  He thinks they have a good mine in Madagascar. 

integrated mines
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Asso...

PricePrice
$1.120
Owned Owned
Yes

DON'T BUY

She owns very little in base metals.  They have a new mine coming on and it has had some production problems.  You want to see stabilization in the commodities.  The strong US dollar is impacting demand for all the commodities.

integrated mines

She owns very little in base metals.  They have a new mine coming on and it has had some production problems.  You want to see stabilization in the commodities.  The strong US dollar is impacting demand for all the commodities.

integrated mines
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$1.230
Owned Owned
No

DON'T BUY

Currently at an all-time low. A few years ago he was interested in this and went to their AGM. After the meeting he decided he did not have enough confidence in management. Debt load was high and management didn’t have the skill level he was looking at for a turnaround. Since then, they have been hammered by commodity prices. Nickel prices are down at a 5-6 year low. It would not surprise him to see them go bankrupt. It really needs cooperation from commodity prices. Very, very dangerous situation.

integrated mines

Currently at an all-time low. A few years ago he was interested in this and went to their AGM. After the meeting he decided he did not have enough confidence in management. Debt load was high and management didn’t have the skill level he was looking at for a turnaround. Since then, they have been hammered by commodity prices. Nickel prices are down at a 5-6 year low. It would not surprise him to see them go bankrupt. It really needs cooperation from commodity prices. Very, very dangerous situation.

integrated mines
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$1.270
Owned Owned
No

COMMENT

His view is that this will survive. The balance sheet has been fixed. If nickel prices stay below $5 for more than 2.5-3 years, they may have some issues. Nickel prices have been very low for a long time, but this company is at the 50th percentile in terms of costs. Half of the world can’t produce nickel at current prices and make cash money. The thinks it is a pretty reasonable bet that nickel will be in deficit in 2016.

integrated mines

His view is that this will survive. The balance sheet has been fixed. If nickel prices stay below $5 for more than 2.5-3 years, they may have some issues. Nickel prices have been very low for a long time, but this company is at the 50th percentile in terms of costs. Half of the world can’t produce nickel at current prices and make cash money. The thinks it is a pretty reasonable bet that nickel will be in deficit in 2016.

integrated mines
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$1.340
Owned Owned
No

COMMENT

Just hit a record low. They had a change of management and he is not up to speed on the reasons. Between the nickel situation in Cuba and Madagascar, it is just too scary. Madagascar hasn’t gotten up to speed quite as fast as it needs to. There is a huge amount of debt. Way too difficult for him to figure out.

integrated mines

Just hit a record low. They had a change of management and he is not up to speed on the reasons. Between the nickel situation in Cuba and Madagascar, it is just too scary. Madagascar hasn’t gotten up to speed quite as fast as it needs to. There is a huge amount of debt. Way too difficult for him to figure out.

integrated mines
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$1.350
Owned Owned
No

PAST TOP PICK

(A Top Pick Sept 3/14. Down 67.82%.) The story is that they are building the big mine in Madagascar. They built the mine expecting nickel prices were going to go up. That was working for a while, but then China slowed down greater than had been expected. They also have a lot of debt. A bit of a dicey situation right now. Sold his holdings at a loss.

integrated mines

(A Top Pick Sept 3/14. Down 67.82%.) The story is that they are building the big mine in Madagascar. They built the mine expecting nickel prices were going to go up. That was working for a while, but then China slowed down greater than had been expected. They also have a lot of debt. A bit of a dicey situation right now. Sold his holdings at a loss.

integrated mines
Jim Huang

President, T.I.P. Wealth Manage...

PricePrice
$1.350
Owned Owned
No

DON'T BUY

This, with a $10 Book Value, has something like an $8-$9 asset value. The stock is cheap. This is nickel which has been getting hit, oil and gas which has been getting hit and it is coal which is getting hit. It is completely out of favour. Have had cost overruns in Madagascar, but are getting closer to getting it fixed. There are better places to be.

integrated mines

This, with a $10 Book Value, has something like an $8-$9 asset value. The stock is cheap. This is nickel which has been getting hit, oil and gas which has been getting hit and it is coal which is getting hit. It is completely out of favour. Have had cost overruns in Madagascar, but are getting closer to getting it fixed. There are better places to be.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$1.350
Owned Owned
No

DON'T BUY

It has been beaten up but he does not like the debt load and is not overly impressed with the management.  Maybe he will look more closely at the end of the year.

integrated mines

It has been beaten up but he does not like the debt load and is not overly impressed with the management.  Maybe he will look more closely at the end of the year.

integrated mines
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$2.230
Owned Owned
No

DON'T BUY

This company has always had headwinds and is underperforming its peers. Chart shows a downward channel, and he would just avoid it and consider it as dead money.

integrated mines

This company has always had headwinds and is underperforming its peers. Chart shows a downward channel, and he would just avoid it and consider it as dead money.

integrated mines
Bill Carrigan

Technical Analyst, Getting Technical In...

PricePrice
$2.470
Owned Owned
Unknown

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