This company has a weapons detection system that should have good demand, but they need to win some contracts to prove the value. At some point you need to transition a concept into sales. It either needs a lower valuation or higher revenue/cash flow base. It is a little too early for conservative investors.

He has a bias against this company because for over the past two decades all they have done is issue new shares and lose money. Until they turn a profit it will continue to be a “show me” story.

When the economy improves and interest rates go up, insurance companies should see earnings improve. He far prefers Sun Life (SLF-T) as MFC-T had to cut dividends during the financial crisis, but SLF-T did not. There are some issues about the guaranteed contracts they sold, leaving speculation that higher liabilities than expected. The dividend is okay and it has started to rise again. It is an okay company

They have changed their model to do rentals instead of sales of incinerators. This strategy helped revenues and profitability. It is very cheap if forecasts are correct. He likes it and may pick it up again soon.

The problem here is about size. Investor audience is pretty limited and they previously canceled their dividend. It is a wait and see stock that needs many profitable quarters.

They bought two mines from Glencore last year making them the largest small-cap producer of zinc in the country. It is cheap and he does not understand why there is not more interest. The mines are producing as expected and the balance sheet is good. Since Glencore still owns 20% of the company, it may be potentially block an acquisition. (Analysts’ price target is $2.00 )

Insiders own a fairly large chunk of the stock and there have not been many share offerings. Management must invest directly in the stock – not just through stock options. They continue to deliver and have a great balance sheet. If you own it, you probably don’t want to sell it.