Chairman at Strategic Analysis Corp
Member since: Oct '00 · 3243 Opinions
A strong balance sheet, but the gap is increasing between its share price and fair market value in recent years. Has nice support at $3,900, which is safe.
A great entry point would be $103, not now. It's trading at the low end of its long-term trend. he wouldn't sell it now and it's not his first bank choice. That said, it's falling to levels that are looking attractive. It will eventually reach $175. Has good upside and pays a nice yield.
Inflation will continue to effect prices in commodities, which puts TECK in the right place at the right time.
Its fair market value is 104% of where the stock is right now. It peaked 3 months ago when it hit 4x book value. It may come down a bit. the balance sheet is okay. He wishes they had a higher yield. Is okay. Would buy at $42, but wouldn't sell on a panic either.
He made that call right before they put themselves for sale. So it would have been a good time to sell. He's baffled why BNS bought CWB and not the cheaper LB. He would hang onto this. It's so cheap and eventually somebody will buy it.
He continues to like oil. We won't switch to renewables and ESG for a long time. Meanwhile, these companies are growing and their shares are cheap. Good to hold as inflation continues.
He wanted exposure to EV and HBM produces copper (for EVs). This has worked veryw ell.
It's floating between 2x and 4x book value, now heading lower. He'd heavily buy at $35. Shares now are okay. He targets $60.
He's very happy to hold up. He sees 25% upside. The merger was a good thing. He expects the merger by BNS to be approved and will benefit both. The differential between the two stocks points to approval.
Good outlook despite a risk of falling to $40. He's bullish oil and natural gas.
Has fallen far from its highs and getting closer to its fair market value, but that is still 28% away. It could fall to $85.
A strong balance sheet and a safe, nice dividend. Cheap, trading slightly above its book value. Sees a lot of upside.
Expensive at 42% above its fair market value. Also, it's exposed to Africa. It may be fine there, but the growing nationalism worries him.
They went to raise money, but too much, which in turn pressured the stock price. But don't worry about the low price. He's bullish gold and silver. Be patient and let this wash through. The underwriters were stupid.