CAMECO CORP. $31.11 (Toronto symbol CCO; SI Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 392.6 million; Market cap: $12.2 billion) is the world’s largest uranium producer. Its large, high-grade reserves and low-cost operations, significant market share and access to a number of sources of uranium give it a strong competitive position.
Cameco gets most of its uranium from its 70%-owned McArthur …read more »
PULSE SEISMIC $1.36 (Toronto symbol PSD; SI Rating: Speculative) (403-237-5559; www.pulsedatainc.com; Shares outstanding: 53.1 million; Market cap: $72.3 million) is Pulse Data’s new name. The stock symbol is unchanged.
Pulse changed its name because it is now focused on buying, marketing and licensing two- and three-dimensional seismic data to companies in the western Canadian energy sector. To this end, Pulse sold …read more »
PETRO-CANADA $28 (Toronto symbol PCA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 484.6 million; Market cap: $13.6 billion; Price-to-sales ratio: 0.5; SI Rating: Average) has moved up from its low of $20 in November 2008, partly due to growing pressure from the Ontario Teachers’ Pension Plan, which now owns 3.3% of Petro-Canada’s shares.
Ottawa has capped the amount that any single …read more »
C.R. BARD INC. $82 (New York symbol BCR; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 99.2 million; Market cap: $8.1 billion; WSSF Rating; Above average) makes medical devices in four main areas: Vascular products such as stents and catheters (25% of 2007 sales); Urology products such as drainage and incontinence devices (30%); Oncology products that detect and treat various types …read more »
Demand for medical equipment tends to grow or at least hold steady, regardless of swings in the overall economy.
Recurring revenues, mainly from long-time customers, should let these four makers of medical equipment and supplies keep expanding their sales and earnings. They also face little competition from generic products. As well, all four are expanding internationally, which cuts their long-term risk.
C.R. …read more »
YAMANA GOLD $9.99 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 699.5 million; Market cap: $7.0 billion) owns and operates seven operating mines in five countries in North and South America, along with interests in two others plus five development stage properties. It also holds extensive exploration properties.
Yamana’s revenues in the three months ended June 30, 2008 rose …read more »
Gold hit a high of $850 an ounce in 1980, then worked its way downward for 25 years. It began rising again in 2002, and rose to a record high of $1,011 in March 2008.
Gold moved down after that March high, to a recent low of $750. That, in turn, pushed gold mining stocks down. However, gold recently jumped $66 …read more »
BROADRIDGE FINANCIAL SOLUTIONS $18 (New York symbol BR: SI Rating: Extra risk) (201-714- 3000; www.broadridge.com; Shares outstanding: 140 million; Market cap: $2.5 billion) fell to as low as $15.25 a share recently after Standard & Poor’s lowered its credit rating on certain of the company’s obligations. The shares have since regained all of the drop.
S&P is concerned that Broadridge is …read more »
YAMANA GOLD $15.33 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 619.9 million; Market cap: $9.5 billion) recently completed the acquisition of Meridian Gold and Northern Orion for $4.5 billion in cash and stock.
Yamana now has nine operating mines in Latin America, along with six development stage properties. It also holds exploration properties and land positions in all …read more »
Gold hit a record high of $850 an ounce in 1980, then worked its way downward for 25 years. It began rising again in 2002, and it has now broken past $850 and moved higher. It’s now trading at $882.
We’re not convinced that gold prices will move significantly higher, or even hold the recent gains. However, some of the conditions …read more »