Costs of production in the Cigar Lake mine keep going up. Difficult geology and a lot of water problems. Long-term story. There will be a lot more nuclear power plants built globally but they take a long time to build.
Real estate holding company. Assets should be worth $70-$80 a share. Very illiquid. Feels the company should be taken private. Closely controlled by its inside shareholders group.
US stocks. Because of currency exchange he has been zero-weighted in US stocks. Now that the Cdn $ is at parity, the risk is much more reduced but the economic risks might be high. Expects Cdn$ to go through $1.05, maybe as high as $1.10.
American car industry has come back faster and stronger than what people expected. This company has a pretty good line-up, including electric/hybrid vehicles. Not a bad investment but the stock has gone up a whole lot and is no longer cheap.
Has been stuck in the $40 range for a long time. Hedges are now all gone. If gold goes up again, this company is positioned to benefit and the stock could make some serious progress to over $50.
Agriculture. Has been under investment by farmers globally because commodity prices have fallen so much. World grain supplies are low and you have to look forward, not back. (See Top Picks.)
Coal prices have come back very strong because of Chinese demand. Zinc prices seem to be coming back. A lot of the gains have been made on the stock but he could see the stock running up to $50-$60 if coal prices remain firm.
Airline industry has a history of poor results and he is not a fan. Very difficult environment. Pay out will go down when they convert to a corporation.
Reporting tomorrow and his rule is to never Buy before earnings are announced. New entrants in the wireless field have not had much traction, which bodes well for this company. (See Top Picks.)
Terrific quarter on earnings but revenue was less than expected. Real question is if they can keep up, from a technological standpoint, with all the competitors in the smart phone space.
Has come off 15% from the start of the year. Good time for people who don't own an agriculture stock. Has been an under investment by farmers as commodity prices fell. Demand is rising again and he is expecting a very strong 2011.
Recently had 2 really good events. Sovereign Wealth Fund invested $500 million that will fund the production start on their Panama mine, one of the best copper prospects globally. Also their mine in Spain is scaling up to full production.