This company is located in the U.S. It has been losing money but very little. They have a new management team who have cut costs and the company has no debt. Believes the stock has the potential to go above $10.
He likes this company a lot. They have a 30 billion operation in terms of revenue, but also have some debt after a merger. Believes it is a major industry leader that will do well. Watch for upcoming write-offs because of the merger. Believes they will make money in a competitive market.
Is not in the contra portfolio, he owns personally.
Major danger, is that it's gone under a dollar, which might cause it to become an otc stock, if it doesn't get above.
Suggests that climate change is an investment opportunity. If you go long on stocks, one of the fields you should be doing well is, the agricultural sector in Canada. Also solar, power (ats automation).
If it's contrarion and out of favour they like to look at it.
Has been a disaster for them.
He liked the new management, but it has proven to be a far more difficult turn around story.
They have stabilized revenues. Have cut costs and hired new sales people, so they are making progress, but it is still a question of if it can be turned around.
If it does it will do well, if it doesn't it will go under.
Congress has been taking a look at it, which is a bad sign. They have gotten behind on their accounting. They are giving all the positive signs, he is wondering though. He's "happy to hold" but wouldn't buy.
Is not interesting to him at this time. It does have more potential then a lot of companies do, but it would be a long term.
He would like to see the zinc price come down, and for them to be more out of favour.
Then 3.21, still holds it. Still likes the company.
He recommended it because it was badly hit because of their distribution.
They've sold off part of the company which was a cash drain.
Thinks it will continue to go.
Then $5.50
Things have gone wrong for them, in moving to the states. Inventory problems.
Thinks the up side is still around $10, so is more attractive at these levels. But they have also have more debt.
He's holding his position, and remains confident. Thinks it is a worthwhile play, if you can take the risk.
They had to close one of their main mines, the ground was shaking. The question is if they can re-open it. They've had a cash investment of 7 million dollars which they will use to consolidate the stock. He doesn't like consolidation, so got out.
90% of consolidations the companies are down in value a year later.