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

2015-05-14

PAST TOP PICK
Sherritt International Corp. (S-T)

(A Top Pick May 12/14. Down 40.54%.) The thesis was based on their leverage to the nickel price. In the meantime, Indonesia decided they were not going to export raw ore to China, which is 25% of the total supply. Also, the Chinese economy has slowed down more than he thought it would. Sold his holdings, but that is not to say he won’t get back in.

integrated mines
Jim Huang

President, T.I.P. Wealth Management

Price: $2.770
Owned: No

2015-05-07

COMMENT
Sherritt International Corp. (S-T)

Looked at this closely, but didn’t have a tremendous amount of confidence in management. This is based on the price of nickel, what is going on in Cuba and what is happening in Madagascar. It has a lot of potential.

integrated mines
Benj Gallander

President, Contra the Heard Investment Letter

Price: $3.050
Owned: No

2015-05-06

PARTIAL BUY
Sherritt International Corp. (S-T)

Still an attractive company. Cuban relations seem to be improving with the US. The Ambatovy nickel project seems to be moving forward. He can’t see any reason why you wouldn’t consider a small allocation of this.

integrated mines
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $3.040
Owned: No

2015-05-01

COMMENT
Sherritt International Corp. (S-T)

If you do an asset value, you get a vote $8 on it. He owns the fixed income on this. It is moving nicely. Nickel prices have finally rebounded this week. Ambatovy just achieved 90 and 90, meaning running at 90% capacity of the mine for 90 days. That is a big deal, and costs came down. If they can keep that going and costs come down a bit further, the stock probably goes into the mid-$3.

integrated mines
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $2.660
Owned: Yes

2015-03-31

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

Bonds? He doesn’t own any thing in this company because of 1) the big Ambatovy mine in Madagascar took a little longer and the overall nickel market is terrible. 2.) He had owned their bonds because of their Saskatchewan assets, but once they sold off, it became a lot riskier. The underlying commodity has now sewered. For the bond, they have enough cash flow to do all right, but you need a recovery in the price of nickel.

integrated mines
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $2.090
Owned: No

2015-03-26

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

Lots of difficulties.  He did not come away from the AGM with their management.  It could be a success but right now he is just too scared.  They likely won’t go bankrupt but he does not have confidence in their management.

integrated mines
Benj Gallander

President, Contra the Heard Investment Letter

Price: $2.210
Owned: Unknown

2015-03-23

BUY
Sherritt International Corp. (S-T)

Nickel is necessary to make stainless steel.  The problem is relatively weak demand and good supply.  Nickel is fine and S-T would be a way to play it.

integrated mines
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $2.290
Owned: No

2015-03-03

COMMENT
Sherritt International Corp. (S-T)

One of the big issues around nickel as a commodity is the export ban in Indonesia. They would like to have smelters built within the country for more value added revenue, rather than just exporting raw material. This has provided a bit of a support mechanism for nickel. This company is a very unique way to play the nickel side of the market. They sold their thermal coal royalty business, so really putting themselves in a more leveraged nickel business. Their Ambatovy mine in Madagascar is still in the ramp up stage, so there is still the sensitivity in ramp up risks. He sees good progress. With a couple more quarters of ramp up progress, with no negative surprises, this is something he might look at in the 4th quarter going into a stronger market in 2016.

integrated mines
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $2.390
Owned: No

2015-02-13

COMMENT
Sherritt International Corp. (S-T)

It will be interesting to see what the new rapprochement between Cuba and the US, will actually mean for this company over the next while. Not surprised the company has taken a bit of a hit since that announcement. Speculation might be that Freeport-McMoran (FCX-N) may want their property back, but he thinks that is a long ways from actually happening.

integrated mines
Brendan Caldwell

President, Caldwell Securities

Price: $2.330
Owned: Unknown

2015-01-27

PAST TOP PICK
Sherritt International Corp. (S-T)

(A Top Pick Feb 24/14. Up 2.9%.) Sept 24, 2020, 7.5%. He still likes this. Did a great job of terming out their debt right before the meltdown.

integrated mines
Joey Mack

Director, Fixed Income, ScotiaCapital

Price: $2.140
Owned: Yes

2015-01-23

HOLD
Sherritt International Corp. (S-T)

His company has it with a sector outperform, but with a high level of risk. Target of $4 in 12 months. He hasn’t had any base metals for a while. Nickel prices are going to be in check because of the rise of the US$.

integrated mines
Jaime Carrasco

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

Price: $2.150
Owned: No

2015-01-22

HOLD
Sherritt International Corp. (S-T)

The world demand for nickel of this type has gotten really subdued.  The key is how good their margins are going to be in Madagascar.  He considers it interesting, but is not comfortable with the risk.

integrated mines
David Cockfield

Managing Director, Northland Wealth Management

Price: $2.200
Owned: Unknown

2015-01-06

COMMENT
Sherritt International Corp. (S-T)

The stock has fallen, but not because the company is doing anything different. The mining space has been quite volatile. Especially with the oil price falling you see a lot of volatility in the mining space. They continue to ramp up their project in Madagascar and are set to produce a lot more nickel this year, which will drastically improve their earnings profile. Also, the partial lifting of sanctions to Cuba by the US is going to help them.

integrated mines
Jim Huang

President, T.I.P. Wealth Management

Price: $2.790
Owned: Yes

2014-12-23

COMMENT
Sherritt International Corp. (S-T)

Kicked the tires on this one. Went to the AGM and management didn’t make him jump for joy. Doesn’t like the debt load. He is wary of it. Has a lot of potential upside, but there is a lot of danger.

integrated mines
Benj Gallander

President, Contra the Heard Investment Letter

Price: $2.880
Owned: No

2014-12-22

COMMENT
Sherritt International Corp. (S-T)

The story around Cuba is a fascinating one, but he thinks this is a coal story as well. You have to have an expectation of what is going to happen to coal and what is going to happen in terms of natural gas. When you buy commodities, you buy them when they are on sale, and they are at the moment. If you have a long enough time frame, you’ll probably do okay.

integrated mines
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $3.070
Owned: No

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