Likes copper, which has acted exceptionally well. Also there is a lot of political risk in some of the African and South American countries. This has become a great North American producer with lots of upside in the valuation and potential trading at 3X operating cash flow.
Expects uranium prices are going back into the long-term prices of $60’s and will go higher. Tight supplies longer term. Demand is growing because nuclear capacity is growing. NAV is probably north of $7.
Trading at 7X forward earnings. Americans have completely moved out of this as they think it is dead. Analysts are expecting earnings of $5.50-$6 going forward but the market is pricing at $3-$4. Earnings next week should be a very interesting call.
Has been volatile because of the Russians and the arms deal coming through. Stock has done really well in the past month. Well positioned for growth going forward. Uranium and uranium equities look good going forward. (See Top Picks.)
Gold is becoming a safe haven hedge against currencies. Doesn't see inflation is becoming a big risk currently. Gold stocks have had a really good run, particularly in September, so he is lightening a little including this one. Still likes the story and the growth.
Good company but valuation has been higher than almost every other gold company out there. Trading at about 2.5X net asset value while most of them are at about 1.5. Also, they are an acquirer, which dilutes growth a little. You are better off owning acquirees.
Not a powerhouse as routers aren’t as import and as they used to be in the whole equation but likes their positioning. Throwing off substantial amounts of cash every quarter. Trading at 12X earnings and is still growing.
He is light on the financial sector right now. He thinks the new rules on capital are going to require them to hold more capital and that will slow down their growth and reduce their earnings. Finds there are other things more attractive to buy.
He is light on the financial sector right now. He thinks the new rules on capital are going to require them to hold more capital and that will slow down their growth and reduce their earnings. Finds there are other things more attractive to buy.
In the process of becoming a great buy. Getting down to Book Value and a little below. There are worries they will do another equity raise but he doesn't know that they would do this down here. Could see $2 in earnings 2 years out. He is looking to get back into this one.
