BUY
(Market Call Minute.) They go into production in May. They'll probably be up to 1000 tons a day by the end of the year. The ensuing cash flow will give it a higher price.
STRONG BUY
Thinks CitiGroup (C-N) would think twice about letting the deal fall through, as they may not get invited into other opportunities in future.
HOLD
Has a very nice-looking chart. Big and liquid and gold are the sweet spot right now for everything. However, nothing goes in a straight line. He likes to start gradually reducing his holdings. Expects it to go a little bit higher in the short term. With gold running over $1000, he could see this going to $45.
TOP PICK
Because he likes uranium, he likes this stock and Denison Mines (DML-T) both. On a longer-term view, it is one of the clean energies. Uranium prices are at $75 even though the long-term price is $95. Around the world all the emerging producers are having various delays and problems. For a 2 or 3 year view he could see higher prices.
TOP PICK
US Yellow Pages company came out with their 2007 results and guidance. Debt equity was 7X. Have lots of competition plus the US economy. Stock went down 39% and dragged this one down too. This one is basically a monopoly, between 2.8 and 3.2X EBITDA and strong management. With the online site growing 25%-30% they are a grower. It gives you a 10% yield.
TOP PICK
All the approvals for the Reuters April acquisition look like they are in place. Stock is about 8X EBITDA but historically was 11. Because of Reuters, they will have exposure to financial business and services outlook in general.
BUY ON WEAKNESS
Thinks the agricultural play still continues. Had a pullback in January with the market and this could happen again. That would be the time to buy.
COMMENT
Sold his holdings at just about this price. Coal is a bit of the Australian/Asian story with some shortages that are exasperating the whole market. Will not be $3.25 a year from now. Very risky. Possibility it could spike, but could also go back to $1.50.
COMMENT
Statistically cheap, but needs some kind of catalyst to move it. Growth is just not quite there. Thinks it's going to continue to be a laggard for a while. If oil stays at $100, this stock should at least go to $20.
COMMENT
Gold: - He thinks it goes through $1000. Looking for lower rates in the US and problems in the economy for the next few months, and therefore gold will have the momentum to go through $1000. There are a whole bunch of juniors that haven't moved and he could see some acquisitions.
COMMENT
Has moved up mostly because of the gold price, but it appears they are three quarters of the way to solving their problem in Turkey and he is expecting an announcement in the next few weeks that will solve the rest of it.
BUY
Slightly disappointing over the last few months. Spiked to over $52 when they reported great numbers recently and doesn't know why it fell back. Great defensive place to hide. Lots of square footage in Canada and lots of things they can do. Expecting 15%-20% earnings growth at least for another 4 years.
BUY
The company was the most leverage to silver. Low costs. A lot of it was contract stuff that they did for Goldcorp (G-T). Now have more liquidity, which is very positive.
COMMENT
With economic worry, metal stocks got hit over the last 2 or 3 months. Not to say that somebody couldn’t come now for a takeover.