SHERRITT INTERNATIONAL $0.98 - Toronto symbol S

SHERRITT INTERNATIONAL $0.98 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704-6698; www.sherritt.com; Shares outstanding: 293.9 million; Market cap: $285.1 million; Dividend yield: 4.1%) reported revenue of $99.6 million in the three months ended June 30, 2015, down 23.5% from $130.2 million a year earlier, mostly due to lower oil and gas prices.

However, cash flow per share doubled, to $0.08 from $0.04, mostly because of lower interest and tax payments. Sherritt has also cut about 10% of its salaried workforce.

The company needs an improving global economy to fuel commodity demand, but it’s well positioned to profit from a rebound.

Sherritt is a buy for aggressive investors.

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