Dominion Diamond | StockChase
13
Dominion Diamond (DDC-T)

Last Price Recorded: $18.3200 on 2017-11-01

ON STOCKCHASE SINCE Sep 2013

Mining and retail segments of the diamond industry.

precious metals

Dominion Diamond


Signal Opinion Expert

2017-03-02

PAST TOP PICK
Dominion Diamond (DDC-T)

(Top Pick Mar 7/16, Down 29.19%) It was a mistake.  They did a good job operationally.  They have a high population of small diamonds.  There have been some inventory write-downs.

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $11.110
Owned: No

2016-09-29

WAIT
Dominion Diamond (DDC-T)

This company has underperformed, but has a great balance sheet.  He tried to buy, but did not get his price.  The next quarter is probably not going to be that good for them and there may be tax loss selling.  Look to get in at the $11 range.

precious metals
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $10.490
Owned: No

2016-09-12

BUY
Dominion Diamond (DDC-T)

They had a fire in the Northwest Territories.  That has been fixed.  The selloff in their shares was based on a selloff in the high luxury market.  Real diamonds can increase in value whereas synthetic ones cannot.

precious metals
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $10.970
Owned: Yes

2016-08-29

BUY
Dominion Diamond (DDC-T)

This has been challenging. They own 2 world-class diamond mines. The stock sold off when there was a fire at one of the processing plants, which curtailed production in the 2nd quarter. It should be able to get that back up and running within a month or 2. Ridiculously inexpensive, trading at about .6X its BV, and trades at an enterprise value to EBITDA multiple of about 2 or 2.5 times. Just sold their corporate head office for $85 million. He still likes the name.

precious metals
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $11.820
Owned: Yes

2016-04-01

PAST TOP PICK
Dominion Diamond (DDC-T)

(A Top Pick May 14/15. Down 37.97%.) Sold his holdings shortly after at around $20.

precious metals
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $14.560
Owned: No

2016-03-07

TOP PICK
Dominion Diamond (DDC-T)

He thinks it is trading at 6-7 times if you take the cash out.  Another mine is coming in 4 years.  He hopes they will use their cash to reduce the shares outstanding.  There is incredible value to be unlocked in this company. 

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $16.460
Owned: Yes

2016-02-05

PAST TOP PICK
Dominion Diamond (DDC-T)

(A Top Pick May 14/15. Down 32.85%.) Sold his holdings at $20, so his clients made money.

precious metals
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $15.650
Owned: No

2015-09-21

WATCH
Dominion Diamond (DDC-T)

He is not sure if diamonds are a good investment.  This company looks cheap on a statistical basis.  If you have a longer term view there might be something there.

precious metals
Jeff Young

Co-CEO & CIO, NexGen Financial

Price: $14.370
Owned: No

2015-07-24

COMMENT
Dominion Diamond (DDC-T)

Owns 2 diamond mines in northern Canada. Looks cheap statistically at almost half of .6 of NAV. It really comes down to diamond prices, and he understands there is a glut of polished stones. To buy the stock, you have to understand diamond pricing and what the catalyst is to push diamond prices back up.

precious metals
Jeff Young

Co-CEO & CIO, NexGen Financial

Price: $15.970
Owned: No

2015-07-22

PAST TOP PICK
Dominion Diamond (DDC-T)

(A Top Pick May 14/15. Down 30.11%.) They reported disappointing earnings and the analysts quickly ratcheted down their estimates. Sold his holdings.

precious metals
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $16.600
Owned: No

2015-05-14

TOP PICK
Dominion Diamond (DDC-T)

It is now a pure mining company after they sold off Harry Winston.  It has a dividend, but trades above book value.  He expects about 12 times forward earrings.  Analysts are revising their estimates up.  So now we are seeing a lower multiple.  They are having a great production run. 

precious metals
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $23.750
Owned: Yes

2014-03-31

BUY
Dominion Diamond (DDC-T)

Was Harry Winston.  Some very interesting assets.  First nations may be turning to support them because it means jobs. 

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $14.850
Owned: Yes

2013-09-16

BUY
Dominion Diamond (DDC-T)

(Market Call Minute) China is the incremental buyers of Diamonds and their economy has stabilized.

precious metals
Brian Huen

Managing Partner, Red Sky Capital Management

Price: $13.440
Owned: No

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