DON'T BUY
Protein company out of Saskatchewan. This had been his biggest Short until not too long ago. He is sceptical about the whole protein area.
Other Agricultural Products
COMMENT
Have a proven and innovative project to separate proteins from canola but in terms of manufacturing is going to have to get its yield up and they are having trouble executing. Also running a little short on cash. High risk.
Other Agricultural Products
DON'T BUY
Extract high-value proteins from canola. Have had a lot of start-up problems and also had to raise money at $1 a share. Prefers buying stocks that have no problems.
Other Agricultural Products
DON'T BUY
Extract protein from canola. Attempting to get to commercial levels of production. Initially had some problems with foaming in the process. Once they are back up in production there'll be moving to a 2nd shift, which allows them to pull Level 1 proteins. Real earnings come when they start pulling a much more valuable part of proteins. This will take $10 million of CapX and a year of development. Sold his holdings.
Other Agricultural Products
DON'T BUY
Recently did an issue around $1 and the market slaughtered the stock. Sold his holdings. Wouldn't Buy right now as it has had a bit of a dead cat bounce.
Other Agricultural Products
DON'T BUY
Specialty proteins. Was long on the stock when they were delivering positive results. They are going to have to continue to raise more money. He is short the stock. Until they can prove they can produce the protein isolates in commercial volumes, he would stay away.
Other Agricultural Products
TOP PICK
(A Top Pick Oct 15/10. Down 65.03%.) Extracting protein out of canola. Moving in the right direction, but they slipped on the time element and they got pounded. Believes the market potential is large.
Other Agricultural Products
BUY
Expected to lose $0.07 in 2011 and earn anywhere from $0.01 on a median basis to $0.03 on an average basis, which puts it at 60X PE multiple. If successful in being able to produce commercial quantities, they will start construction of the 2nd plant in N. Dak and looking out will double expansion again.
Other Agricultural Products
SHORT
One of his biggest shorts which he covered a couple of weeks ago. He is hoping it gets back up so he can put his shorts back on it. It’s a terrific company but promoters drive the price up.
Other Agricultural Products
WAIT
Assuming they can get the frothing part of the manufacturing process under control it will be quite attractive. Extract protein from canola. It can be used in baking and cooking. By end of year they should be up to speed. Loss of 6 cents for 2011 and earnings of 3 cents for 2012. Once production comes up to speed they will break ground on a second plant in North Dakota. On a 3-5 year basis, someone like VT might get interested in the company. Was a recent price hike in protein prices.
Other Agricultural Products
DON'T BUY
New process for extracting protein from canola seed. Pilot project was successful. Always hesitant when companies are going from pilot stage to full production. It always takes longer and is more costly than is expected. Once it is proven that it is expected, that would be the time to Buy. (Has a Short position.)
Other Agricultural Products
COMMENT
Has been engaged in a large scientific experiment over the last couple of years and appears to going quite well. Essentially turning canola seed into protein and extracting the protein isolates. They think they can get a 90% yield. (Has a very small position.)
Other Agricultural Products
SELL
Extracts protein and oil from canola. Plant is just ramping up to production. Recently scaled back his holdings, partly due to analysts shaving back earnings estimates by about 15% in the last 90 days and also 2011 being forecast as just break-even. Expects the 2nd plant in North Dakota will be built.
Other Agricultural Products
DON'T BUY
Fairly heavily promoted stock, so there’s been a lot of push on it. Not particularly cheap and there’s still execution risks.
Other Agricultural Products
WATCH
2010 has been a very eventful year. Brought Saskatoon plant into production and now going into continuous production, which has to continue for 2 months before they can sell product into the food industry and the market is nervous. Very important milestone. Also looking to add a 2nd plant in 2011, which will require more capital.
Other Agricultural Products
Showing 1 to 15 of 37 entries

BioExx Specialty Proteins Ltd.(BXI-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

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BioExx Specialty Proteins Ltd.(BXI-T) Frequently Asked Questions

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