DON'T BUY
Have had a lot of difficulties with their Rumanian play. Even with its big drop, it is not of interest to him. Far too high given the risk scenario.
DON'T BUY
Has certainly come off, but not a contrarian play. He was amazed at how high it had actually gone. Had a lot of money and bought a lot of companies at the height of the cycle. This does not bode well for them.
COMMENT
His partner bought into this, but not attractive enough for him. If they get their house in order, there will be better distributions going forward. He couldn't see that the upside was attractive enough.
DON'T BUY
Too expensive for his style. Not a contrarian play.
DON'T BUY
Wrote a column in the Globe recently and trashed this stock. Management was getting most of the money. IPO was down over 90% in 1 year. Very little potential going for it.
COMMENT
He personally owns it and has been very wrong on this firm. Brought in new management, which makes sense in terms of a turnaround. Have a fair amount of heavy slogging to do but seemed to be doing better quarter after quarter. Has a lot of potential, but any stock trading at this price has a lot of danger.
DON'T BUY
This is on his Stock Watch list. Balance sheet is pretty dirty with a lot of debt. Company is trying to make major changes, but at this point the risk is far too great for him. Likes the field, which is a growing one.
DON'T BUY
Have about 450 million shares outstanding meaning they may have to consolidate. Trying to get their Chilean mine going again. Had an avalanche, which eliminated the company's operations. Need more money.
DON'T BUY
Have been shored up and he can see a fair bit of upside. Doesn't know the financials well enough to know what he would do, but wouldn't buy into it at this point.
DON'T BUY
See comments under Bank of Nova Scotia (BNS-T). This one would be the most contrarian of the banks, but would like to see it come down even further.