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BioExx Specialty Proteins Ltd.
BXI-T
Analysis and Opinions about BXI-T
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 5, 2012
Protein company out of Saskatchewan. This had been his biggest Short until not too long ago. He is sceptical about the whole protein area.
Show full opinionHide full opinion
Protein company out of Saskatchewan. This had been his biggest Short until not too long ago. He is sceptical about the whole protein area.
COMMENT
COMMENT
November 14, 2011
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.
Show full opinionHide full opinionHave 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.
DON'T BUY
DON'T BUY
September 27, 2011
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.
Show full opinionHide full opinionExtract 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.
DON'T BUY
DON'T BUY
August 26, 2011
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.
Show full opinionHide full opinionExtract 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.
DON'T BUY
DON'T BUY
July 13, 2011
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.
Show full opinionHide full opinionRecently 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.
DON'T BUY
DON'T BUY
June 27, 2011
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.
Show full opinionHide full opinionSpecialty 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.
TOP PICK
TOP PICK
June 21, 2011
(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.
Show full opinionHide full opinion(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.
BUY
BUY
May 31, 2011
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.
Show full opinionHide full opinionExpected 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.
SHORT
SHORT
April 26, 2011
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.
Show full opinionHide full opinionOne 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.
WAIT
WAIT
March 15, 2011
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.
Show full opinionHide full opinionAssuming 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.
DON'T BUY
DON'T BUY
January 31, 2011
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.)
Show full opinionHide full opinionNew 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.)
COMMENT
COMMENT
December 21, 2010
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.)
Show full opinionHide full opinionHas 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.)
SELL
SELL
December 9, 2010
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.
Show full opinionHide full opinionExtracts 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.
DON'T BUY
DON'T BUY
December 6, 2010
Fairly heavily promoted stock, so there’s been a lot of push on it. Not particularly cheap and there’s still execution risks.
Show full opinionHide full opinionFairly heavily promoted stock, so there’s been a lot of push on it. Not particularly cheap and there’s still execution risks.
WATCH
WATCH
November 24, 2010
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.
Show full opinionHide full opinion2010 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.
BUY
BUY
November 15, 2010
Patented process to isolate protein isolates using canola as the feedstock. Have gone through most of the trial phases. Product will be in very high demand and expects to have significant orders by year-end.
Show full opinionHide full opinionPatented process to isolate protein isolates using canola as the feedstock. Have gone through most of the trial phases. Product will be in very high demand and expects to have significant orders by year-end.
TOP PICK
TOP PICK
October 15, 2010
High-risk security. Has methodology to extract high purity protein from canola oil. Believes several catalysts over the next several months will move shares higher. Potential to hit $3.50 by year-end.
Show full opinionHide full opinionHigh-risk security. Has methodology to extract high purity protein from canola oil. Believes several catalysts over the next several months will move shares higher. Potential to hit $3.50 by year-end.
COMMENT
COMMENT
October 4, 2010
Plant came on stream recently and they are getting the grades of protein that they needed. His problem is that there is a lot of financing creating a lot of dilution. Not sure what the reward would be to him as an investor.
Show full opinionHide full opinionPlant came on stream recently and they are getting the grades of protein that they needed. His problem is that there is a lot of financing creating a lot of dilution. Not sure what the reward would be to him as an investor.
COMMENT
COMMENT
September 10, 2010
Process vegetable and canola oil. Hit a 52-week high today because they recently completed the 1st run from beginning to end within the plant. Expected to start the 2nd plant in North Dakota.
Show full opinionHide full opinionProcess vegetable and canola oil. Hit a 52-week high today because they recently completed the 1st run from beginning to end within the plant. Expected to start the 2nd plant in North Dakota.
PARTIAL BUY
PARTIAL BUY
August 6, 2010
Going from pre-production into production of proteins so you are going to get a couple of lumpy quarters. Still in a risky stage so only Buy a third of your position for the time being. Give it a couple of more quarters. He is looking at this one.
Show full opinionHide full opinionGoing from pre-production into production of proteins so you are going to get a couple of lumpy quarters. Still in a risky stage so only Buy a third of your position for the time being. Give it a couple of more quarters. He is looking at this one.
WATCH
WATCH
July 22, 2010
Doing a cold process to crush canola to extract protein. Was concerned when they announced a 2nd facility before the 1st was working. It now looks like things are working pretty well. Margins they could earn are quite substantial.
Show full opinionHide full opinionDoing a cold process to crush canola to extract protein. Was concerned when they announced a 2nd facility before the 1st was working. It now looks like things are working pretty well. Margins they could earn are quite substantial.
BUY
BUY
June 18, 2010
Currently processing canola and extracting proteins. Management is confident they will hit end of July target and will start producing high quality proteins (Icelets?), which are extremely high margin. Expecting confidence in investors by year-end. Starting a 2nd plant in North Dakota.
Show full opinionHide full opinionCurrently processing canola and extracting proteins. Management is confident they will hit end of July target and will start producing high quality proteins (Icelets?), which are extremely high margin. Expecting confidence in investors by year-end. Starting a 2nd plant in North Dakota.
BUY
BUY
April 19, 2010
(Market Call Minute.) Innovative production process. High value product.
Show full opinionHide full opinion(Market Call Minute.) Innovative production process. High value product.
SPECULATIVE BUY
SPECULATIVE BUY
April 7, 2010
Now moving from pilot project towards commercial production. Recently raised money. Expecting to know in the 2nd quarter if they can achieve production. 2nd step will be if they can get the same results consistently that they had in their pilot followed by a look at margins. High risk.
Show full opinionHide full opinionNow moving from pilot project towards commercial production. Recently raised money. Expecting to know in the 2nd quarter if they can achieve production. 2nd step will be if they can get the same results consistently that they had in their pilot followed by a look at margins. High risk.
WAIT
WAIT
March 18, 2010
Extracts oil/protein meal from canola. Have to get equipment into the plant for commercial production on extraction of high margin/high concentration protein (Isolets?) by the end of May but could be delayed by a month or so. Just did a financing of $15 million at $1.85. Historically have done well with financing and the stock has moved up. Wait for stock to start moving up ($2.25?).
Show full opinionHide full opinionExtracts oil/protein meal from canola. Have to get equipment into the plant for commercial production on extraction of high margin/high concentration protein (Isolets?) by the end of May but could be delayed by a month or so. Just did a financing of $15 million at $1.85. Historically have done well with financing and the stock has moved up. Wait for stock to start moving up ($2.25?).
HOLD
HOLD
March 1, 2010
It’s a breakthrough business. A kind of biotech company. They have been hitting their milestones. Now they are moving to execution. The risk is more engineering and execution than technology. Believes the management team is determined. Seem to be on the right path. The sales cycle for these products is quite long.
Show full opinionHide full opinionIt’s a breakthrough business. A kind of biotech company. They have been hitting their milestones. Now they are moving to execution. The risk is more engineering and execution than technology. Believes the management team is determined. Seem to be on the right path. The sales cycle for these products is quite long.
WAIT
WAIT
February 24, 2010
Speculative company. He is watching it closely, waiting for the first profitable quarter or two.
Show full opinionHide full opinionSpeculative company. He is watching it closely, waiting for the first profitable quarter or two.
BUY
BUY
February 11, 2010
Another typical company he would buy because it does not have earnings but there is a lot of upside as they are trying to get higher protein out of canola seed through their patented process. Will see this come to fruition in the next 6 to 9 months or so.
Show full opinionHide full opinionAnother typical company he would buy because it does not have earnings but there is a lot of upside as they are trying to get higher protein out of canola seed through their patented process. Will see this come to fruition in the next 6 to 9 months or so.
BUY WEAKNESS
BUY WEAKNESS
January 29, 2010
Good proprietary process that can generate high-value proteins and nutrients. Still in the ramp-up stage regarding production so it will take a little while. Could easily double in 12 months if they are able to execute their plan.
Show full opinionHide full opinionGood proprietary process that can generate high-value proteins and nutrients. Still in the ramp-up stage regarding production so it will take a little while. Could easily double in 12 months if they are able to execute their plan.
HOLD
HOLD
November 17, 2009
(Market Call Minute.) Moving towards extracting canola protein and results are expected in March.
Show full opinionHide full opinion(Market Call Minute.) Moving towards extracting canola protein and results are expected in March.
BUY
BUY
November 16, 2009
Extraction of proteins from canola. Revenues aren't quite there yet and technology is not really proven on a mass scale yet so you have to be a little bit careful. Have to wait about 1 year for the revenues to get some traction. Speculative.
Show full opinionHide full opinionExtraction of proteins from canola. Revenues aren't quite there yet and technology is not really proven on a mass scale yet so you have to be a little bit careful. Have to wait about 1 year for the revenues to get some traction. Speculative.
SPECULATIVE BUY
SPECULATIVE BUY
September 15, 2009
Crushes canola to extract oil and then has to extract protein. The big margins occur when they extract isolets. Expecting to have equipment in place and producing commercial volumes in Q1 of 2010. If successful $2 per share would be a good price because of the lower risk. The real key is between Jan/10 and March/10. Reasonable speculation for a toe in the water.
Show full opinionHide full opinionCrushes canola to extract oil and then has to extract protein. The big margins occur when they extract isolets. Expecting to have equipment in place and producing commercial volumes in Q1 of 2010. If successful $2 per share would be a good price because of the lower risk. The real key is between Jan/10 and March/10. Reasonable speculation for a toe in the water.
BUY
BUY
August 10, 2009
Getting plants up for traction of proteins from canola oil and have their first one up and running and announced the 2nd one in North Dakota. If they get 2 or 3 plants up and running in the next couple of years, you could see a $2.50 or $3 stock.
Show full opinionHide full opinionGetting plants up for traction of proteins from canola oil and have their first one up and running and announced the 2nd one in North Dakota. If they get 2 or 3 plants up and running in the next couple of years, you could see a $2.50 or $3 stock.
COMMENT
COMMENT
July 31, 2009
Protein extraction through canola seeds. Have been successful in getting their Saskatchewan plant going and are now doing the same thing in North Dakota. Likes the industry and the space. (See Top Picks.)
Show full opinionHide full opinionProtein extraction through canola seeds. Have been successful in getting their Saskatchewan plant going and are now doing the same thing in North Dakota. Likes the industry and the space. (See Top Picks.)
BUY
BUY
June 22, 2009
Canola oil. Must go through 3 phases of production between now and the end of the year. Now in the 1st phase. Should be a 50% ROE in the 2nd phase. In the 3rd phase they should be able to pull out protein and should give 100% ROE. Their advantage is a low temperatures solvent giving them lower operating costs and better protein. Very speculative.
Show full opinionHide full opinionCanola oil. Must go through 3 phases of production between now and the end of the year. Now in the 1st phase. Should be a 50% ROE in the 2nd phase. In the 3rd phase they should be able to pull out protein and should give 100% ROE. Their advantage is a low temperatures solvent giving them lower operating costs and better protein. Very speculative.
COMMENT
COMMENT
February 25, 2009
Patented low-temperature extraction technology to get protein out of canola. Getting protein out of vegetables is attractive as it brings costs down. Just put a plant on stream, which will be generating cash flow. Talk of a 2nd plant.
Show full opinionHide full opinionPatented low-temperature extraction technology to get protein out of canola. Getting protein out of vegetables is attractive as it brings costs down. Just put a plant on stream, which will be generating cash flow. Talk of a 2nd plant.
DON'T BUY
DON'T BUY
January 12, 2009
Announced all their canola oil is going to be accounted from their new Saskatchewan plant. Has just been listed for 2 years. He does not buy anything on the Venture or hasn't been listed or 10 years. Too much of a crapshoot.
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