Earning Reports to Watch (Jan 14-18)

Decline in revenue. Can't see any consolidation coming

Wonderful land positions around Red Lake. Has taken the turtle approach in what is usually a rabbit race in exploration. Is expecting aggressive drilling later this year.

He doesn’t know their financials. The company is trying to revive a historic mining area in Ontario. This type of work takes a lot of money and might require First Cobalt to issue more shares, driving down the price. Alternatively, they might take on a lot of debt, which carries its own problems. Cobalt is…

Doesn't particularily believe in junior companies trying to develop out their own exploration targets. 1 in 3,000 anomolies becomes a mine. Also the idea of someone spending a great deal of time looking for platinum in Canada doesn't seem like a great idea. If you want to play platinum, play the South Africans.

Large, low grade deposit in the Yukon. He would go elsewhere for exposure to gold.

He likes the acquisitions they made. These businesses take a long time to start to really generate free cash flow. He does not expect huge things in the next few quarters. With a 1 to 3 year outlook, they will start to generate a lot more free cash flow. The will start to pay a…

The CEO, who owns a significant amount of stock, has been purchasing even more recently. The end of tax loss selling plus insider buying and a cheap stock. You can’t find fast-growing app or software stocks that are trading at 1.5X sales. There is a significant amount of long term upside in this company. (Analysts’…

Kinder Morgan (KMI-N) or Kinder Morgan Canada (KML-T)? In the short term, he would choose neither. If certain things happen, he would look at the Kinder Morgan Canada position. The Canadian subsidiary, without the pipeline expansion, is worth $15. That is just on the assets and the quality of the assets. Since you can get…

Doesn’t think this is followed by anyone right now. They built schools, bought some of them, and then discovered foreign students needed a place to stay. That is really where the money is. They’ve started to expand and build education centres to house students. They’ve been really good at turning their portfolio every couple of…